Millions of Americans are about to get hit with diaper sticker shock
CNN
Diapers are a pricey, essential item for parents. Now, they're getting even more expensive, hurting low-income families already struggling with the pandemic's economic woes.
Disposable diaper prices rose 8.7% during the year ending April 10, according to the latest numbers from NielsenIQ, which tracks point of sale data from retailers. Diaper makers recently said they are planning additional price increases, which may further stretch low-income families' budgets if stores choose to pass on the hikes. Kimberly-Clark (KMB), the maker of Huggies and Pull-Ups, will increase prices on these products by mid-to-high single-digit percentages in June, while Procter & Gamble (PG)— which manufactures Pampers, Luvs and All Good diapers — will raise prices on such brands in the mid-to-high single digit percentage range in mid-September.More Related News