Impact of GST rate cuts fading? FMCG prices rise up to 5%; what's fueling the latest hike - Times of India
September’s GST cuts had helped keep prices steady for a while, but now, almost six months in, the phase is ending. India’s consumer goods makers now increasing prices by up to 5%, as rising commodity costs and weak rupee put pressure on margins. The impact is now visible in stores this quarter, with distributors saying that selected packs of everyday essentials, including detergents, hair oils, c…