More pain in store as FMCG prices inch up

Quick Summary:

India Business News: Mumbai: Middle-class household budgets are likely to come under pressure as FMCG companies resort to price hikes to pass on commodity inflation.

While price increases will translate into value growth for FMCG players, volume growth will be a challenge.

Expectations of a good crop output and moderation in inflation, improving agriculture terms of trade and govt's thrust on public infrastructure and rural sector should support broader consumption going ahead, ITC said.

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Article Details

Author / Journalist: Asmita Dey

Category: EconomyBusiness

Markets: IndiaSweden

Topics: Price hikes FMCG companies Business news Urban consumption trends Commodity inflation FMCG prices increase Middle-class household budgets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 10:57:25 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 799 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23422670

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