Impact of GST rate cuts fading? FMCG prices rise up to 5%; what’s fueling the latest hike
Indian consumer goods companies are raising prices by up to 5% due to rising input costs and a weakening rupee. This follows a period of holding back on revisions after September’s GST cuts, as companies now exercise pricing power. Increased costs for commodities like crude oil derivatives and imported ingredients are impacting profitability across various product categories.🕒 1 min read
Indian consumer goods companies are raising prices by up to 5% due to rising input costs and a weakening rupee. This follows a period of holding back on revisions after September’s GST cuts, as companies now exercise pricing power. Increased costs for commodities like crude oil derivatives and imported ingredients are impacting profitability across various product categories.
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