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In the last 3 months, household shopping bills have risen by 9% due to price hikes. Consumer goods companies hike prices in the range of 2 to 17%. Soaps and body washes prices hiked between 2-9%, hair oils prices hiked between 8-11% and FMCG food items prices increased by 3-17%. All the data is provided by the Businessline. As the leading snack maker company Bikaji is all set to increase prices by 2-4% and for some items they have increased prices in April. Tata Consumer Products also increased its prices to match with competitors.
Although there is a relief for consumers, As Hindustan Unilever has no plans to increase prices in this financial year. Dabar India and Emami will indicate that they also increase prices in single digits this current year. According to the customer, this price hike caused his bill to rise to 13000 in June from 12000 in May.
List of Consumer Goods Companies Hike Prices
- Marico hiked prices of hair oil packs by 6% in April and is planning to increase further if the price of copra increases.
- Bikaji has increased snack prices by 2-4% on some products and will further raise it to increase profitability.
- Godrej increases the prices of soap by 4-5%.
- HUL increased the price of Dove by 2% and Wipro increased the Santoor price by 3%.
- Pears body wash witnessed a price hike of 4% and Palmolive Body wash of Colgate increased price in single digits.
- Inflation in coffee forced Nestle to raise the price of coffee by 8-13%.
- Meggi’s oats witness a hike of 17% in price.
- Ashirwad Aatta also increased the price of a 5kg pack to a single digit.
- Earlier the Amul and Mother Dairy increased the milk price by 2rs per liter.
Also Read – FSSAI suspends the licenses of Fortune Dairy after human finger found in ice cream
