Procter & Gamble reports the largest increase in sales in decades

Procter & Gamble Co. posted its biggest quarterly sales gain in at least two decades as consumers, unperturbed by inflation and the looming recession, paid more for household items like Pampers diapers and Gillette razors.

The Cincinnati-based consumer goods company said organic sales rose 10% for the quarter ended March 31, the biggest jump since P&G started tracking the metric 20 years ago. Organic sales are a closely watched number that hides deals and currency movements.