People are forced to bear the brunt of inflation for the past several months amidst fears of a worldwide recession. During this, the budget of the common man's house deteriorated. However, now there is hope for relief from this situation. The prices of groceries and daily essentials and clothing are expected to soften in the coming quarters.
According to experts, the reason for this is the reduction in the production cost of these things. Experts associated with the consumer goods market believe that the result of increasing sales and decreasing costs can be seen in the form of softening in the prices of products. If this happens, it will be relief news for the common man.
Fast-moving consumer goods companies believe that they may decrease in the coming two quarters, in which case they can consider reducing the price of their products. Companies such as Hindustan Unilever, Britannia, Marico, and Imai, have presented their results in the last quarter, indicating that their costs may come down in the next two quarters.
If the cost comes down, then obviously companies will consider reducing the prices of their products. Some companies may also gift larger packets (increase in the weight and size of the contents) to the customers at the current price after cost reduction.
In the last few years, there has been a relief in the prices of these things.
Cotton prices have declined by 30 percent in the recent past. This has given relief to the textile companies. During the last month, the prices of edible oil have also been reduced by up to 12 percent. If we talk about the last 15 days, then the price of rice bran oil has decreased by 12 percent, sunflower oil by five percent, and groundnut oil by 7 percent. Last week, the price of Brent oil reached a 10-month low. There has also been a relief in the prices of vegetables after festivals. The prices of essential commodities like potatoes and onions have come down by up to 50 percent. In Maharashtra's Lasalgaon, the price of onion was ₹30 per kg in the first week of November, but now it is being sold at ₹13 to 14 per kg.
Aishwarya Rai Bachchan: On mother's birthday, Aishwarya expressed love by sharing a post, party with injured hand
Aishwarya Rai Bachchan is a famous actress. She is also very famous because of her fashion sense. Apart from this, he is a global icon. She is very active on social media. From time
Hydrogen train will run on heritage track this year; Preparation for operations in India after China, France, and Germany
Indian Railways has made preparations to operate hydrogen train trains on major heritage train routes of the country. India will be the fourth country in the world after Germany, China, and France to
China agrees to help Pakistan, sanctioned a loan of $ 70 million; You can get money by next week
His evergreen friend China has come forward to help Pakistan, facing an economic crisis. He has approved a loan of $ 70 million. Pakistan Finance Minister Ishaq Dar has reported the approval of the
Their Father used to work in the factory, mother used to do cleaning work; Messi made Argentina world champion after 36 years
In his fifth and final World Cup, Lionel Messi also fulfilled the dream he had been dreaming of since childhood. When Argentina's legendary player Maradona made the team the world champion for the
NZ vs PAK: Corona knocked in New Zealand camp, star batsman out of fourth T20; Bowling coach also turned out to be Covid-positive
The problems of the New Zealand team are not showing any signs of ending. After Kane Williamson was out of the T20 series (NZ vs PAK 4th T20) due to injury, the Kiwi team has now suffered another big
Who is Mira Murati, who got the responsibility of CEO of Open AI, and played a special role in creating ChatGPT; What is the relationship with India?
ChatGPT maker Open AI has dismissed its CEO Sam Altman. The company has raised questions about his competence and shown him the way out. Along with this, the company has given the new responsibility
Vande Bharat Express: CSMT-Madgaon's catering contractor fined Rs 25,000, IRCTC takes action on complaints
The catering contractor of the CSMT-Madgaon Vande Bharat Express has been fined Rs 25,000 by the Indian Railway Catering and Tourism Corporation (IRCTC) after receiving several complaints regarding
Axiom-4: Gaganyaatri Shubhanshu will fly to space today, and will set off on his journey with the hopes of crores of Indians
The 41-year wait to hoist India's flag in space again is expected to end. Under the Axiom-4 mission, Indian astronaut Shubhanshu Shukla will fly to the International Space Station (ISS) on Wednesday
World Cup: How many countries won the trophy in World Cup history, and how many times has India got success, know the full details
World Cup Trophies Winners List 1975 to 2019 History: The countdown of ICC ODI World Cup 2023 has started. The tournament is to begin on October 5, hosting India, whose final match will be played on
Waqf Bill: Indian Muslim League angry with Rahul-Priyanka, called this move of Congress MP a 'black spot'
The Indian Union Muslim League has expressed dissatisfaction over the absence of Wayanad MP and Congress leader Priyanka Gandhi during the discussion on the Waqf Amendment Bill in the Lok Sabha.
