Procter & Gamble Reports Slightly Higher Sales, Drop in Prices

Procter & Gamble Co. said it was raising prices on some of its biggest brands, a strategy shift after the consumer-products giant reported another quarter of lackluster revenue growth.

After more than a year of trying to combat weak demand with lower prices on staples like Tide detergent and Gillette razors, executives said Tuesday the company was changing course and would seek to push through large price increases on Pampers diapers and Bounty paper towels.

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