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Consumer Goods Companies Plan Higher Price Increases In India

June 21, 2013: 12:00 AM EST
Consumer goods companies in India are likely to raise the prices of their products much higher than the usual seasonal increase. As they factor in the effects of the depreciation of the rupee on imported products and components, manufacturers are forecast to increase prices of LED televisions, laptop computers, and home appliances by 5 percent to 10 percent. Also, prices of imported food products, including cheese, pasta, sauces, and fruits, are also likely to rise. Even entry-level, locally made products, such as refrigerators and CRT TVs, are expected to become more expensive by at least 5 percent, according to Videocon chief operating officer CM Singh.
Writankar Mukherjee, "Consumer goods cos may hike prices of imported products, components by 5-10%", The Economic Times, June 21, 2013, © Bennett, Coleman & Co. Ltd
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