Bad News If You’re Planning To Buy AC, Fridge, Washing Machine, Here’s Why

Dearness Alert! The new year has seen a rise in the prices of air conditioners, refrigerator. Makers of electronic consumer durable products have increased the retail prices due to the rising input costs. Due to this increased raw material and freight costs, will engulf another essential appliance in the price rise as washing machines will likely become costlier by 5-10% later in January or by March 2022.

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As reported by news agency PTI, some brands like LG, Panasonic and Haier have already revised prices of their products while other big brands like Godrej, Sony and Hitachi are set to follow suit by end of the ongoing quarter.

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Consumer durable products may see an industry-wide hike between 5-7% between January to March, as per Consumer Electronics and Appliances Manufacturers Association (CEAMA).

(With inputs from PTI)

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