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Published: Thursday, 1/27/2011

P&G, Colgate-Palmolive suffering higher costs

CINCINNATI — Shoppers can expect higher prices as the makers of toothpaste, soap, and other household products see their profit margins pinched by rising ingredient costs.

Procter & Gamble Co. and rival Colgate-Palmolive Co. reported lower profits Thursday and posted revenue below expectations for the last quarter.

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