The RBI governor understood the credit policy, but inflation is such a merger, whose vaccine is nowhere. From oil, soap, morsels to everyday items, the prices have increased twice in the last three months. The margin of the third increase has also been beaten. After increasing the prices twice in November and January, FMCG, healthcare, beauty products and electronics companies are going to increase the prices again.
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Dearness ,inflationThe third wave of ) is about to come. Finance Minister narrated the budget speech. RBI Governor Credit Policy (Credit Policy) understood, but inflation is such a merger. Whose vaccine is nowhere! From oil, soap, toothpaste to everyday (FMCG) The prices of all things have increased twice in the last three months. The margin of the third increase has also been beaten. After increasing the prices twice in November and January, FMCG, healthcare, beauty products and electronics companies are going to increase the prices again. The reason is the same old. There is increasing pressure on costly raw materials and margins of companies.
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Eric Braganza, president of the Consumer Electronics and Appliances Manufacturers Association, says that the increase in the prices of products has been postponing for some time. The industry had postponed the idea of increasing the price for some time so that the demand did not get hurt in the festival season, but now it cannot be postponed any more. The price will increase by up to 5 percent in this quarter. This means that before the arrival of summer, the market of coolers and ACs will become hot.
Orient Electric’s business head Salil Kapoor says that the prices of plastic, steel and copper have increased, so the company is going to increase the prices of all its products by 4-7%.
FMGC companies making biscuits, namkeen, oil, soap are also in the queue. Biscuit maker Britannia is preparing to increase the price for the fourth time. The company can increase the prices by up to 10 percent by March. The company says that raw materials like sugar, wheat, palm oil have become expensive and there will be a compulsion to increase the prices. % Price has increased. That is, the prices have increased every quarter.
This is the reason that even after the fall in the volumes of FMCG companies, profits have increased. Falling in volume means that the goods of the companies were sold less. More concern is from the village. There, the loss of income has affected the demand. On the other hand, Mohit Malhotra, CEO, Dabur India, says, “The company has increased the prices of all the product range to reduce the effect of inflation.” In the healthcare portfolio, the company has increased the prices of Honeytus, Pudin Hara and Chyawanprash by up to 10 per cent. Now the company is going to increase the prices once again.
The beauty market has also caught sight of inflation. For L’Oreal, the world’s largest beauty product company, the price of raw materials related to petrochemicals remains a headache. The company says that the trend of increasing inflation is a big concern. Amit Jain, managing director, L’Oreal India, says, “One round of price hikes happened last year and now the second round will be completed by the middle of this year.” It is estimated that the company can increase the price by 5 to 6 percent. That is, drinking food, dressing up, home kitchen, everything is going to heat up in the heat of inflation and this is the biggest concern of RBI.