Expensive living? Inflation hits coriander to cars in India
Consumer goods companies are increasing prices and reducing pack sizes. Automobile manufacturers and tyre companies also announced significant price hikes. Rising commodity and energy costs are pressuring company margins. India's retail inflation has moved above the Reserve Bank of India's target. Policymakers are watching for broader inflation spread across the economy.
As consumer prices in India continue to climb, staples from biscuits to coriander feel the pinch. Companies across sectors from consumer goods to automobiles are either raising prices or hinting at future increases amid higher costs for commodities, packaging, freight and energy. Tata Consumer Products increased the price of a salt pack by ₹2, while Britannia is considering increasing the price of biscuits by 1.5-2%.
Dabur has increased prices across its portfolio, while Hindustan Unilever expects continued input-cost pressure. Colgate-Palmolive India has signaled potential further price hikes. Outside consumer goods, JK Tyre plans an 11-13% price increase by September, and Maruti Suzuki has raised passenger vehicle prices by up to ₹30,000. The impact is particularly noticeable in everyday items like coriander, which has surged above ₹220 per kg in some markets, and rice, whose price varies across regions.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
