Consumer goods to get pricier as firms begin to pass on costs
Top executives of companies, however, said the proposed price hikes of 3-10% over the next 1-2 months will still be one of the lowest in the last two years when inflation shot up to record levels and rupee fell against the US dollar at a higher pace than before, and hence they don’t expect this will have any significant impact on consumption when overall inflation is softening.
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