What do FMCG companies say
FMCG companies say that they are under inflationary pressure and hence had to decide to increase the price. Some FMCG companies have said that during the lockdown and corona period, the prices of many raw materials like palm oil, coconut, edible oils have increased. In such a situation, it will be difficult for consumers to get the goods in the year 2021 at the previous year’s price.
In recent times, the prices of garments along with footwear, slippers, soap-oil have increased.
Prices of these things go up
In recent times, along with footwear, soap-oil, the prices of everyday items such as Garments and Under Garments, Geysers, Toothpaste, Disposal Bags have increased. Daily use items such as footwear, apparel, clothing, kitchen items, luggage, hand bags, cosmetics, gift items, furnishing fabric, textiles, builder hardware, paper, household items, furniture, lighting, health products, packaging products, Prices of electrical and electronics, fashion apparel, food grains, watches, gems and jewelery, stationery, auto parts, yarn, Feng Shui items, glasses, tapestry materials, etc. have also increased.
Home appliances prices may also rise by up to 10 percent
According to FMC companies, due to the increase in the price of raw materials, the prices of some home appliances, including LED TVs, refrigerators, washing machines, can also increase up to 10 percent. The companies that make consumer durables announced it only in December last year. Some companies have even started increasing the prices of their products by 10 percent.
Eating oil spoiled kitchen budget
What to say to Kat
On the decision to increase the prices of FMCG companies, CAT’s National General Secretary Praveen Khandelwal says, “The question is why are these companies raising prices and what is the reason behind the price increase?” The prices of the things that FMCG companies deal in, do not increase at the moment. There has been a decrease in demand after Kovid. There is a need to increase supply due to high demand. Why the prices are increasing despite the demand being low, it is inconceivable. It has often been seen that these companies increase prices by doing their own arbitrary and its fault is blamed on the businessman that the businessman is selling expensive. Our distributors save 2 to 3 percent of them. Those who are semi-distributors save from 3 to 5 percent and those who are our retailers save 5 to 7 percent. Therefore, even if it comes cheap, our chain will get only 7 percent and if it is expensive, we will get the same. I believe that the government should set up an authority that decides that if the prices of these companies are to be increased, then it is necessary to get the permission of the government somewhere and what are the grounds for increasing the price? ‘
The total expenditure of Pati Jali Ayurved has increased by 5.34 percent to Rs 8,521.44 crore. (Image: Reuters)
At the same time, manufacturers say that the prices of TV panels have also increased by 200 per cent due to reduced supply from global vendors. Plastic has also become expensive due to rising crude prices. Due to this, some other companies like Panasonic India, Thomson and LG had decided to increase the price of their products since January.
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It is worth noting that despite challenges like Corona crisis, employment shortage and salary cuts in the month of November-December, the common man got some relief from inflation, but FMC companies have started raising prices as soon as the new year starts.