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Metals to crude oil: Consumers face the brunt of commodities price surge

Durables makers hike prices to offset input costs

metals, commodity, steel prices
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Prices of metals such as steel, copper, aluminum, zinc, nickel, tin, and lead have shot up 4 to 24 per cent in the last one month

Viveat Susan PintoAditi DivekarSamreen AhmadT E NarasimhanIshita Ayan Dutt Mumbai | Bengaluru | Chennai | Kolkata
Over the past one month, consumer durables makers have been silently increasing product prices to offset input cost pressures. Two rounds of price hikes, in the range of 5-6 per cent each, have already happened. If inflationary pressures continue to grow, another round of hikes may be inevitable just before the onset of summer, according to companies.
 
Analysts at brokerage JPMorgan in a recent report said commodities across the board -- from metals to agri-products to crude oil -- appeared to have entered a boom period. This is visible in their prices.
 
Consider this: Prices of metals such