29.4 C
Delhi
Saturday, July 12, 2025

Prices of daily use commodities like toothpaste, soap increase by 2-58%

Date:

Share post:

Donate-GC-Razorpay

On the one hand, where in December, common buyers were relieved after retail prices fell down to the lowest in a year, on the other hand, the prices of some prominent daily use commodities have gone up by 2 to 58% from January. After the increase from 3% to 20% earlier in January 2022, this is the third major price rise introduced by FMCG companies in a year. Prior to this, FMCG companies had increased the prices of their commodities in May 2022 when the rates of raw materials had gone up.

For quite some time now, the sales of FMCG companies in the rural sector, which comprises more than 1/3rd of the market share, were sluggish, and the companies were forced to work by reducing their margins. But now, due to profits in agriculture, governmental motivation, and a good crop yield, FMCG companies are expecting an increase in the rural demand this year. This is the reason why in order to increase their margins once again, the companies are hiking the commodity prices.

As per market numbers, in January 2023, Mondelez India, which produces brands like Hindustan Unilever, Colgate Palmolive, Cadbury, and Oreo, has increased the prices of multiple products. These brands have also reduced the weight of many products. It is expected that during the ongoing financial year, the growth of FMCG companies will be 7-9%, and the companies, in order to shift the burden of input expenditure on the customers, can increase the product rates.

Sonakshi Datta
Sonakshi Datta
Journalist who wants to cover the truth which others look the other way from.

Related articles

Confidence of New India Will Lead to Viksit Bharat: ‘Viksit Bharat: India @ 2047’ Author Aditya Pittie

Timely and meticulously researched, ‘Viksit Bharat: India @ 2047’, by author and thought leader, Aditya Pittie, provides a...

Voice of a Nation, Voice of the World: PM Modi’s Historic Addresses to Foreign Parliaments

An Unprecedented Journey of Words and WillIn the grand halls of parliaments across continents, where voices echo...

The Emerging Axis: Turkiye-Pakistan Bonhomie and Its Implications for India

The Ankara-Islamabad TangoIn the simmering July heat of Islamabad, the red carpet was rolled out for two...

SSI MantraM “Made in India” Surgical Robot Yatra Kicks Off India Tour, First Leg to Cover 1500 km Across Rajasthan

 ● In the first phase of the roadshow, SSI MantraM will cover key medical institutions across Jaipur, Jodhpur,...