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Wallet Watch: Gauging impact of rising commodity prices on consumers

Updated : March 30, 2021 07:58 PM IST

Palm oil, for instance, is a key raw material for the FMCG industry and prices of this commodity have nearly doubled since March 2020.
Kirana store owners also say that with customers cutting back on discretionary spends, they are seeing an impact on their earnings as well.
As a result of rising commodity prices, products that use these commodities as raw materials are set to become costlier as well.
Published : March 30, 2021 02:22 PM IST

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