Procter & Gamble's Tide detergent on sale at a store in Miami. Photo: Joe Raedle/Getty Images
Procter & Gamble kept prices steady in its most recent quarter for the first time in several years.
Why it matters: The consumer conglomerate — whose brands include Tide detergent, Crest toothpaste, Gillette razors and Bounty paper towels — had raised prices repeatedly during the inflation crisis.
The big picture: The fact that P&G has eased up on price hikes is another sign that consumer goods inflation is coming under control.
It was the first time P&G hasn't raised overall prices since 2019, according to Bloomberg.
Overall, sales rose 2% to $21.9 billion, while net income jumped 34% to $4.6 billion.
