TV Freeze will be costly even in 2020, companies decide on price hike

New delhi date. December 24, 2019, Tuesday

Everyone who has plans to buy TV, fridge or other items in the new year 2020 needs to be aware. According to informed circles, most commodity prices are set to rise in 2020, so those who expect relief in inflation will be disappointed.

According to sources linked to the Consumer Product Industry, we were being forced to raise the prices of these items at home due to the rise in prices of luxury items like TV fridge etc. in the international market. The price of the five-star TV and fridge is expected to rise by an average of five to six thousand rupees.

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This spokesperson said it was not just about luxury items. Thus, eating things like salty and noodles that the common man uses daily will also be expensive. At present, onion prices are high but in 2020 garlic, biscuits, frozen foods, cakes, soaps, ready-to-eat items, etc. will also be expensive. However, companies like Nestle and Parle have adopted a different strategy. Instead of raising prices, they will reduce the size of their packets.

Talk about the auto industry. So companies like Renault and Hyundai have already indicated that we are going to increase the prices of our various brands. Thus, prices of most commodities are set to rise in 2020, so it is not possible to expect inflation relief.