Procter & Gamble to Raise Prices as Costs Increase

``Procter & Gamble Co will raise some prices as it absorbs higher commodity costs and its sales goal may be under pressure if business does not improve in the United States and other developed markets, Chief Financial Officer Jon Moeller said. Moeller, speaking at the annual Consumer Analyst Group of New York conference on Thursday, said the maker of Tide laundry detergent and Pampers diapers would announce specific details of the price increases over the next month or so. P&G now sees more than $1 billion in increased commodity costs this year, as prices for diesel and other necessities climb, he said. As recently as late January, he expected about $1 billion in such costs. ''