There will be no more price increases on the raw material front, a decrease is expected
Raw material costs have hit their peak and prices are set to soften, according to the latest forecasts, bringing welcome relief to ailing consumer goods manufacturers, according to a report published by the Hellenic Shipping News.
Nestle India has predicted a drop in edible oil and packaging material prices whole Hindustan Unilever has forecast improved margins in the latter half of the year. The price of palm oil has already dropped 32 percent from the record high achieved in March, while crude oil has had US$20 shaved off the cost of a barrel.
Aditi Nayar, ICRA Economist, told Hellenic Shipping News, “Commodity prices are already starting to recede, given US Fed rate hikes. Given that, there should be a gradual fall in input costs for commodities.”
Related news
Annual inflation in the OECD slowed to 4.2 percent in March
The average annual increase in consumer prices in the member…
Read more >K&H Analyst Commentary: Inflation Surprised
April inflation was higher than expected. There is a lot…
Read more >Csökkentette az élelmiszerárakat az árrésstop és az online Árfigyelő bővítése
2025 áprilisában csökkent az infláció és az élelmiszerárak növekedési üteme…
Read more >Related news
Call for young farmers launched
Supporting generational change is a priority in Hungarian agriculture, as…
Read more >EU Agri-Food Trade in January 2025: Rising Imports Outpace Export Growth
High commodity prices drive surge in imports, reducing the EU’s…
Read more >Chicken and eggs are getting more expensive: another wave of price increases hits Hungarian households
Hungarian households are facing another wave of food price increases,…
Read more >