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After festive season, price hikes: Everyday items may get out of reach

Commodity inflation to hurt consumers and businesses. Property developers may hold price lines, but others may not

Lower crude, rupee rate have no impact on consumer durables makers

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Shortage of supplies from China due to import barriers has been a worrying factor throughout the festive season

Viveat Susan Pinto Raghavendra Kamath Samreen Ahmad TE Narasimhan Mumbai | Bengaluru | Chennai

4 min read Last Updated : Nov 26 2020 | 12:40 AM IST

From next month, household appliances like washing machines, refrigerators, television sets and air conditioners will get expensive by at least 3-5 per cent. The reason: Commodity inflation is raising its head, forcing companies to consider price hikes.

Consider this: The prices of all metals – from steel to copper, aluminium, zinc and lead – have shot up by about 5-11 per cent in the past month. Crude oil price has increased by about 16.5 per cent in a month and soy oil and palm oil are up by about 9-13 per cent in the same period.

So is the case

Topics : festive season price hike Palm Oil Television

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