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.
Haryana Weather: Red alert issued for dense fog, weather department's warning - there will be severe cold for two days
Dense fog continues in Haryana. However, there are chances of getting partial relief on Saturday. Dense fog will occur at only a few places on December 30. At the same time, the Meteorological
PBKS vs LSG: Thanks to Stoinis-Meyers, Lucknow made the second highest score of IPL, defeated Punjab by 56 runs
In the 38th match of IPL 2023, Lucknow Super Giants defeated Punjab Kings by 56 runs. Batting first after losing the toss, Lucknow scored 257 runs losing five wickets in 20 overs. Marcus Stoinis
Earthquake News: Earth trembled twice in Nepal, magnitudes 4.7 and 5.3 on the Richter scale
Earthquake tremors have been felt in Nepal and Uttarakhand of India. According to the news agency ANI, two earthquakes of magnitude 4.7 and 5.3 were felt in Baglung, Nepal at 1 and 2 pm local time.
Haryana Elections: Congress' fort destroyed, BJP's stronghold strengthened, this community distanced itself from the Jats
By making the lotus bloom in nine out of the ten municipal corporations of the state, the urban voters have once again proved that the BJP is their most favourite party. In this election, the Hooda
Accident In Fog: Several vehicles collided with each other due to fog on the Aligarh-Ghaziabad highway in Bulandshahr, and more than ten injured
Fog is wreaking havoc in the state. After Monday, dense fog has enveloped many districts of the state since Tuesday morning. Thick fog has engulfed the roads. Due to this, the vehicles have to crawl
Air India Flight Cancel: Air India's Ahmedabad-London flight was canceled, three planes faced technical problems in two days
Air India's Ahmedabad-London flight has been cancelled due to technical fault. This is the same route on which AI-171 crashed. According to the information, Air India's Boeing 787-8 Dreamliner
Covid-19 Risk: The death toll has also increased among vaccinated people, then how will you get protection from Corona?
For the last month, the risk of corona infection is seen increasing rapidly globally. Many countries including China-Japan, and America are most affected at this time. Here, along with the infected,
Israel-Hamas Conflict: What are the international rules of war, and why are Israel and Hamas being accused of breaking them?
Today is the twelfth day of the ongoing war between Israel and the Palestinians. This war is becoming more intense with each passing day. Thousands of people have died on both sides. The war has
Tirupati Laddu Case: The Supreme Court formed SIT to investigate the Tirupati Laddu dispute, five officers will investigate
Keeping in mind that the sentiments of crores of devotees of Tirupati are being affected by the allegations of using ghee adulterated with animal fat in Tirupati Prasad Laddus, the Supreme Court has
Chips for Viksit Bharat: PM Modi laid the foundation stone of Tata-PSMC chip plant worth crores of rupees, said - India is creating history today
Chips for Viksit Bharat: Prime Minister Narendra Modi participated in the program 'India's Teched: Chips for Developed India'. During this, PM Modi laid the foundation stone of three semiconductor
