Several big corporations who make products from soap to diapers, say they must pass on the higher prices they’ve been paying for raw materials.

“I don’t want to get into shoulda, coulda, woulda; but if you step back, if we didn’t have $1.8 billion in commodity cost increases this year, we would have a fantastic bottom line.”-Jon Moeller, Procter & Gamble

Despite slow sales in the United States, because of the bad economy, the very same corporations complaining of the higher costs they’re paying, are spending money to come up with new products, and of course that’ll be added onto the price you pay at the store.

In the world of soda pop and snacks, Pepsi says their profits are being affected by the increasing price of their ingredients. PepsiCo also owns snack food maker FritoLay, and juice brand Tropicana, as well as other brands.  Even though Pepsi says their profits were affected by inflation, they still did well.  They also said they’ve adjusted their business forecast to take into account “…high global commodity cost inflation, difficult macroeconomic conditions in developed markets and ongoing strategic investments in emerging markets and in brand-building activities.” In other words, price hikes.