The Household Consumption Expenditure Survey reveals a shift in spending patterns among Indians, with a decrease in expenditure on essential staples like rice and wheat and an increase in discretionary items such as processed foods, along with durable goods like televisions and refrigerators. According to the data, average rural consumer spending has surged to Rs […]
Danone and Nestle, the leading consumer goods companies, said on Thursday that they will slow price rises in 2024, following two years of hikes that pushed many buyers to seek cheaper alternatives for essential items such as yoghurt and coffee. However, Danone, which owns brands such as Evian and Badoit waters and Activia yoghurt, warned that prices […]
Morgan Stanley expects the Reserve Bank of India to start cutting rates from June 2024, with both retail and wholesale inflation figures remaining at a manageable level. The Monetary Policy Committee of the RBI in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo […]
The All-India Consumer Price Index (CPI) for Agricultural Labourers and Rural Labourers witnessed a modest increase in January 2024, with both indices rising by 1 point each. Released by the Ministry of Labour and Employment (MoLE), the CPI for Agricultural Labourers now stands at 1258 points, while the CPI for Rural Labourers stands at 1268 […]
The consumer products sector witnessed remarkable growth throughout 2023, with the retail sales value (RSV) surging globally by nearly 10 per cent year over year, as revealed by a survey report conducted by Bain & Company. However, this growth was predominantly driven by price increases rather than volume gains, with price hikes accounting for approximately […]
Eurocommerce, a European retail sector association, urged European Union institutions and member states to settle the Red Sea situation, which has interrupted trade, stating in a letter to Belgium’s foreign minister that it has already had “massive impacts” on businesses. Shipping companies have moved container ships away from the Red Sea to avoid Houthi insurgent […]
India’s consumer packaged goods (CPG) sector experienced well-balanced growth in 2023, witnessing an increase in retail sales value coupled with volume gains, according to a report by Bain & Company. The report highlighted a global trend where 75 per cent of growth was attributed to price increases in 2023, yet India stood out as one […]
The producers of chocolate brands, Hershey and Cadbury, are contemplating further price adjustments to counteract an unprecedented surge in cocoa prices. Despite facing challenges such as reduced consumer purchases and potential impacts on profits due to inflation, these chocolate makers have consistently passed on the escalating costs to their customers. Over the past year, cocoa […]
PepsiCo, a global beverage and food company, said on Friday that it expects “mid-single-digit” growth in the Indian market in 2023. According to the most recent financial report, PepsiCo’s global net sales will be USD 91.47 billion in 2023, representing a 5.9 per cent increase. PepsiCo stated that developing and emerging markets, including “China and […]
Sapphire Foods India, the operator of KFC and Pizza Hut restaurants, revealed its largest quarterly earnings drop since going public in 2021, hampered by local competition and inflation-weary consumers cutting back on fast food spending. The Yum Brands franchisee’s overall net profit plummeted roughly 69 per cent to 101.4 million rupees (USD 1.22 million) in the […]
