These price increases occur in advance of the announcement of retail inflation figures for February 2022.
Digital Desk: Following a price increase in most consumer items across categories, Nestle's Maggi is the most current and one of consumers' favourite products to cost more. Nestle India is hiking the price of Maggi noodles by 9 to 16 percent, according to sources reported by CNBC TV-18. Nestle India has raised the prices of its milk and coffee powder in addition to Maggi.
With the current modifications, Maggi Masala noodles' 70 gramme price has increased from Rs 12 to Rs 14. The price of Maggi Masala Noodles 140 gm has been increased by Rs 3 or 12.5%, while the 560 gm bag has been increased by 9.4% to Rs 105 from Rs 96 before.
Also Read: London Rail Station gets Bengali Signage, CM Mamata Banerjee Reacts
Nestle A+milk 1 litre carton would cost 4% higher than it does now, rising to Rs 78 from Rs 75. The price of Nescafe classic coffee powder has increased by 3-7 percent, bringing the price of a 25 gramme bag up by 2.5 percent to Rs 80 from Rs 78. According to CNBC TV-18, the price of a Nescafe classic 50 gm bag has risen by 3.4% to Rs 150 from Rs 145.
In addition, another FMCG behemoth, HUL, has raised prices on its tea and coffee powder lines. The company's Bru coffee will become 3-7 percent more expensive, and this will apply to all packs and varieties in the line. Taj Mahal tea costs have been raised by 3.7-5.8% across all packs and varieties.
Brooke Bond 3 roses variations will now be 1.5-14% more expensive across packs and variants. According to CNBC TV-18, HUL stated that it was facing inflationary pressures on its products and was able to give consumers the proper price value equation when announcing the rate rises on its items.
These price increases occur in advance of the announcement of retail inflation figures for February 2022.
Recent months have seen substantial price increases across sectors and categories due to various factors such as raw material costs, shipping expenses, and so on. In addition, because of the growing inflation, the average household budget has increased dramatically in recent months.
Leave A Comment