P&G; boosts prices, citing cost of beans
From Times Wire Services
Procter & Gamble Co. raised prices on its Folgers and Dunkin’ Donuts coffee brands by as much as 7%, citing soaring coffee bean prices.
P&G; said it would charge 20 cents more for Folgers ground coffee in 10 1/2 - and 13-ounce containers. Prices of Folgers instant coffee and Folgers Gourmet Selections will increase 5% and 3.5%, respectively, while bags of Dunkin’ Donuts coffee will go up 6%.
The increase on Folgers is the second since Feb. 11.
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