Inflation, Gas Prices, Tariffs Squeeze Consumers

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A can of Coca-Cola, a package of Pampers and plane tickets will likely cost more in the coming months, as consumers feel the impact of rising fuel prices, higher raw-materials costs and a range of new tariffs.
    
The consumer price index, the government’s primary measure of inflation, rose 2.9 percent in June from a year earlier, the fastest increase in six years.
    
Procter & Gamble, one of the biggest makers of consumer products, said this week that Pampers prices will increase by an average of 4 percent in North America, while the Bounty, Charmin and Puffs brands could see 5 percent increases.
    
Janette Hendricks, a retired nurse in Washington, said she has noticed higher prices on “just about everything” in the past three months or so. She’s shopping less often.

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