The common man is seen to be hit by more inflation. In fact, consumers should make up their minds to loosen their pockets for everyday goods because it is going to happen. In fact, FMCG companies are considering another round of price hikes. It is being told that companies can increase the prices of everyday goods to reduce the increased prices of commodities such as wheat, palm oil and packaging materials.
Yes, according to recent information, FMCG companies are preparing to increase the prices of their products due to the rise in the prices of commodities like wheat, palm oil and packaging goods. Apart from this, FMCG companies have also suffered a setback due to the Russia-Ukraine War. He believes that due to this, the prices of wheat, edible oil and crude oil will rise. According to the information received, companies like Dabur and Parle are now monitoring the situation and will raise the prices marginally to ease the inflationary pressure.
According to some media reports that have surfaced, manufacturers like HUL and Nestle have increased the prices of food products last week. According to the information received, Mayank Shah, Senior Category Head, Parle Products, recently told PTI, "We are expecting a growth of 10-15 per cent by the industry. The prices are witnessing high volatility and therefore it will be difficult to tell about the exact increase due to price volatility.'' On the other hand, Shah also said that he has sufficient stock of packaging material and other stock at the moment and he will make a decision on it after a month or two.
Resounding similar views, Ankush Jain, Chief Financial Officer, Dabur India, said, "Inflation remains unabated and this is the second year in a row to be a matter of concern. Inflationary pressures and price rises have prompted a deliberate relook at buying, while smaller packs have also declined. We are keeping a close watch on the situation and there will be a marginal increase in prices to ease inflationary pressures.''
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