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Business

Procter & Gamble sounds a warning after a strong quarter




Procter & Gamble maker of Tide laundry detergent and Pampers diapers, is forecasting its slowest sales growth in years as consumer belt-tightening begins to hit household staples.

The outlook comes after the Cincinnati-based consumer products giant on Friday reported its biggest annual sales increase in 16 years due to price increases it placed on mainstays from toothpaste to toilet paper.



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