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Stock impact report

P&G faces renewed inflation pressures amid Trump's war in Iran [USA TODAY]

Procter & Gamble Company (The) (PG) 
Last procter & gamble company (the) earnings: 4/17 07:00 am Check Earnings Report
Company Research Source: USA TODAY
Procter & Gamble will update investors on its financial results amid rising gas prices and inflation fears. The company previously raised prices to offset costs from trade wars and now faces new economic pressures. P&G has a history of increasing its product prices in response to rising inflation. After raising prices last summer, Procter & Gamble will update investors this week on its financial results amid a jump in gas prices and renewed inflation fears due to the U.S. war against Iran The Cincinnati-based consumer products giant disclosed last July it would boost prices around 5% on a quarter of its products sold in North America in part to offset the impact of President Trump's trade wars The company initially anticipated the dispute between the U.S. and trading partners including Canada, China, the European Union and Mexico would cost the company as much as $1 billion in higher costs. Despite fears that tariffs would spur inflation, Trump's off-and-on style of fight Show less Read more
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