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.
IND vs ENG: Ashwin created history in the Test, the first Indian player to achieve this feat against England
India's experienced spinner Ravichandran Ashwin achieved a major achievement during the fourth Test match against England. Ashwin trapped Jonny Bairstow LBW in England's first innings on Friday
Rich MP of Russia dies mysteriously in India, Odisha police engaged in investigation
Russian MP Pavel Antov was found dead in a hotel in India. Let us tell you that Antonov was on a holiday in Odisha's Rayagada region where he was celebrating his 65th birthday. According to the
Dangerous tests were done on humans in this unit of the Japanese army, its story is horrifying
'Unit 731' is an example of the extent to which a human being can hate another human being. The extent to which a person can be tortured is an example of 'Unit 731'. Unit 731 is an example of how a
UPI Charges : Will UPI payments be costlier from April; NPCI clarified the situation, and know the answer to every question
The National Payments Corporation of India (NPCI), in a recent circular, has advised that charges be levied on prepaid payment instruments (PPIs) transacted on the Unified Payments Interface (UPI).
Novak Djokovic: Novak Djokovic reaches the final of Wimbledon for the ninth time, and will clash with Alcaraz in the title match
Serbia's legendary tennis player Novak Djokovic has made his place in the final of the Wimbledon Open. Djokovic defeated Italy's Yannick Sinner in the first semi-final of men's singles played on
China can open a front with Pakistan also: 80% dominate in the army and foreign policy, know why it is a matter of danger for India
China is rapidly strengthening its hold in the whole world, everyone knew this, but now it has also come to the fore how much influence China has in which country. Pakistan has topped the China Index
Ramadan 2024: Today the moon is seen, tomorrow will be the first Roza, the first will be the shortest and the last will be the longest.
The holy month of worship of Allah, Ramzan will begin with the sighting of the moon. There is a possibility of the moon being sighted on Monday. If the moon is sighted, Muslims will observe their
SSC GD PET 2023: GD Physical Test to be held from April 25, CRPF released schedule, Admit Card issued
About 4 lakh candidates were declared successful in the written examination conducted by the Staff Selection Commission (SSC) for the recruitment of more than 50 thousand constable/rifleman posts in
T20 World Cup: Rohit Sharma will play in the World Cup! Said this after the clean sweep, gave this statement regarding Virat-Sanju
Both Virat Kohli and Rohit Sharma made their comeback to the T20 format in the three-match series against Afghanistan. With this, he has indicated that he is in the race for the T20 World Cup. Rohit
Delhi Services Bill: Sharp debate between BJP and opposition on Delhi Services Bill, know who said what
During the discussion on the Government of the National Capital Territory of Delhi (Amendment) Bill, 2023, a heated exchange took place in the Rajya Sabha on Monday between the ruling BJP and the
