P&G grocery giant gets earnings boost as raw material prices fall 

P&G’s prices were 4% higher in the company’s latest quarter than a year earlier

Shares in the maker of Ariel and Head & Shoulders surged almost 6%.

Shares in Procter & Gamble, the US grocery giant that makes Ariel, Head & Shoulders, Always, Gillette and many other products, surged almost 6% as an improved profit outlook offset slower-than-expected sales growth.

The latest quarter topped market projections, as the company benefitted from lower commodity costs and production cost savings. P&G lifted its outlook for earnings, excluding some items.