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Clark Howard's Tips

Procter & Gamble raising prices by 16%

July 15, 2008

If you've looked at the prices of diapers and formula lately, you're apt to start crying like a baby. Many manufacturers have been passing costs on to consumers for the past few months. Now comes word that Procter & Gamble is bumping up prices by as much as 16% on brands like Tide, Ivory, Gillette shaving cream, etc.

That means there's never been a better time to try off-brands or store brands; in many cases, the quality of the product is just as good. For example, there's little difference between cheap and costly shampoos.

CLARK'S TIP TOPICS

Find more consumer advice in Clark Howard's book, "Get Clark Smart"

In his TV work, Clark once interviewed a professor who chemically analyzed different shampoos and confirmed their sameness. Conditioner, however, is a different story. So if you must blow money, buy a cheap shampoo and splurge on a nice conditioner.

But Clark's message stands: Ignoring store brands is risky for your wallet. You could save between 30% and 60% by going the generic route.


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Consumer advice courtesy of
Clark Howard


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