"With the rise in oil prices and almost all raw material prices shooting up, input costs have increased," he said on the sidelines of a book launch. Moreover, due to inflation, people were restricting their budgets and the impact of all these factors would be felt six months from now, he said.
"We have recently raised prices across all consumer products by around two to three per cent," Godrej said, adding "we cannot suddenly raise prices very high since people would stop buying."
On the Rupee, Godrej said that a weakening of the Rupee would help the country's exports.
Exports was a cause of concern last year due to the appreciation in the Rupee but in the present situation, "it is good if the Rupee remains weak for sometime as it would lead to less imports and help exporters," he said.