News > FMCG makers to go for around 10% price hike to mitigate inflationary pressures

FMCG makers to go for around 10% price hike to mitigate inflationary pressures

Consumers may have to pay more for their daily essential items with FMCG companies mulling another round of price hikes to offset the impact of an unprecedented level of inflation in commodity prices such as wheat, palm oil and packaging materials.

Besides, the ongoing war between Russia and Ukraine has also added another blow to FMCG makers as they expect a rise in the prices of wheat, edible oil and crude.