People looking for stamps and other vintage goods find store shelves sparsely stocked and higher prices, CNN reports.
Driving the news: Popular retailers CVS and Walgreens, as well as major manufacturer Proctor & Gamble, have acknowledged a shortage of tampons and other menstrual products and said they are working to meet consumer demand as soon as possible, according to CNN. .
The big picture: Supply chain issues and historically high inflation have affected all kinds of goods. Tampon prices are up about 10% from a year ago, reports Bloomberg, while the cost of sanitary napkins is up more than 8% over the same period.
- Contributing to the price hike is a slight increase in the cost of manufacturing the products. The materials manufacturers need – cotton and plastic – have been in high demand for use in personal protective equipment since the onset of the COVID-19 pandemic.
- Russia’s invasion of Ukraine has limited the supply of fertilizer needed to grow cotton, CNN reports.
What they say : A spokesperson for Procter & Gamble, owner of the Tampax and Always brands, blamed higher demand on an ad campaign the company unveiled in July 2020 featuring comedian Amy Schumer, Time reported.
- Since then, “retail sales growth has exploded,” the spokesperson said.
- “We understand that it’s frustrating for consumers not to find what they need,” the spokesperson said, per CNN. “We can assure you that this is a temporary situation.”
Go further: Inflation rises 8.6%, fastest pace in over 40 years