Business Standard

FMCG prices jump as companies fight to contain commodity inflation

Companies are also looking for change in product mix and cost saving measures

fmcg,, goods, farm product, food processing, sales, beverage, non-essential, essential, market, supermarket, stores, jobs
Premium

The uptick in premium and discretionary products is prompting companies to slowly shift focus to them.

Viveat Susan Pinto Mumbai
Companies from packaged foods to consumer staples such as soaps, detergents, and hair oils have hiked prices between 5 and 7 per cent in the past few months to mitigate input cost pressures. In tea, the price hikes have been even sharper, as much as 10-15 per cent, sector experts said as firms fight to contain commodity inflation.

But even as price hikes are an inevitable reality of runaway input costs, they are not the only tool available to fast-moving consumer goods (FMCG) firms to fight commodity inflation. Some other measures include a change in product mix as well as aggressive

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in