For P&G, which reported results on Friday and has tried to avoid discounting what it calls its superior products, it shows its more-affluent consumers may be facing financial stress. The new discounts are a reversal from last year and during the pandemic, when demand kept up for household goods despite double-digit price increases. Milder inflation could be welcome for investors and consumers after a period of fast-rising prices led to steep interest rate increases by the U.S. The costs of ingredients and inputs for consumer goods, like pulp and fuel, are falling in some cases, allowing manufacturers to ease up on price hikes and offer more promotions, while retailers including Walmart Inc (WMT.N) are also pushing suppliers to cut prices. Makers of consumer products like P&G, a bellwether for the industry, are relying more on discounting to stay competitive as shoppers look to cheaper alternatives to stretch their budgets. consumers may finally get some relief as Procter & Gamble Co (PG.N) deepens discounts on Tide, one of its biggest brands, according to a Reuters analysis of NielsenIQ data. But after two years of price hikes on detergent, U.S.
NEW YORK, April 20 (Reuters) - Doing laundry is a drag.
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