Asian Paints Limited (ASIANPAINT.BO)

BSE - BSE Real Time Price. Currency in INR

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3,100.10

+50.30

(+1.65%)

At close: 03:29PM IST

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Reuters
Inflation could singe Indian consumers as manufacturers hike prices
Indian manufacturers are raising prices to pass on to consumers some of the burden of costlier energy and raw materials, which threatens to dent demand as well as a recovery from the COVID-19 pandemic, business leaders and economists say. Prices of items from tea, coffee and biscuits to toothpaste and electric components have risen 4% to 10% in the last quarter, while construction supplies, such as cement and sanitary ware, have added as much as a fifth, they said. Big companies such as Hindustan Unilever, Nestle , Procter & Gamble, Ambuja Cement and Kajaria Ceramics, have blamed the increases on higher costs of oil and other raw materials.

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