After the surge in the price of most consumer goods in the entire category, the newest favorite product and one of the more expensive consumers is Nestle’s Maggi. According to the source quoted to CNBC TV-18, Nestle India raised the price of Maggi noodles by 9 to 16 percent. Besides Maggi, Nestle India also took price hikes for milk and coffee powder.
With the latest changes, the price of Maggi Masala 70 GM noodles will now be Rs 14 from RS 12 before. The price of Maggi Masala 140 GM noodles was closed by Rs 3 or 12.5 percent, while the 560 GM package would be more expensive. At 9.4 percent to and will be sold at Rs 105 from RS 96 before Nestle A + Milk, 1 liter carton will be charged 4 percent more than current price, which takes it to Rs 78 from RS 75. The price of Nescafe’s classic coffee powder is produced by 3-7 percent, which will take the price of Nescafe Classic 25 GM Pack up 2.5 percent became RS 80 from RS 78. Nescafe Classic 50 GM Pack was closed by 3.4 percent to Rs 150 from Rs 145, according to CNBC TV-18 FinancialLEXPLET has also reached Nestle India for details around price increases. However, the company did not answer the query.
Furthermore, other FMCG major hul has also taken price increases in the range of tea powder and coffee. Bru coffee company will be expensive 3-7 percent and this will apply to all packages and variants in the range. The price of Taj Mahal is produced by 3.7-5.8 percent in all packages and variants The Brooke Bond 3 Roses variant will now be more expensive with 1.5-14 percent in all packages and variants. According to a report by CNBC TV-18, while announcing a rate hike on its products, Hul said that he faced inflationary pressure on its products and was able to provide the right price value to consumers.
Hike this price came to the release of retail inflation data for February 2022 Recent months have witnessed a drastic price increase in all segments and categories because of various reasons including raw materials, transportation costs, etc. Overall the household budget, in fact, rose significantly in recent months because inflation was soaring.