Inflation
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FMCG industry sees optimistic signs of recovery in rural markets as inflation eases
The FMCG sector experienced a boost in rural volume growth during the June quarter due to a reduction in inflationary pressures. As a result,...
Food industry hit by inflation and commodity price surge, Britannia’s annual report highlights challenges
Britannia Industries Limited, a leading FMCG company, stated in its annual report for 2022-23 that the food sector, in which it operates, has been...
Facing soaring inflation, Italy initiates talks with supermarkets to establish price controls on essential goods
According to a government document revealed on Friday, the Italian government is currently engaged in efforts to mediate an agreement between supermarkets and producers....
Pulses inflation: Crisil Ratings warns of potential price peak in 6-7 months, calls for vigilance and policy measures
According to Crisil Ratings, if the cobweb phenomena continues to affect pulses inflation this year, although to a lesser extent, we may witness the...
Tesco joins other UK supermarkets in lowering prices on essential goods, bringing relief to shoppers
In a recent development, Tesco, the largest supermarket chain in Britain, has taken decisive action to lower the prices of over 500 essential items...
UK’s Sainsbury’s continues to slash prices, signaling a decline in inflation
In a fresh development, British supermarket chain Sainsbury's implemented another round of price cuts on Monday. This move serves as further proof that the...
Hungary to lift price caps on essential food items as inflation decreases
The Hungarian government has made an official announcement regarding the lifting of price caps on essential food items, effectively bringing an end to the...
British supermarket Morrisons reduces prices on nearly 50 products, offering relief from inflation surge
Morrisons, the British supermarket, declared on Monday that it would be implementing price cuts on 47 products, with an average reduction of over 25%....
British supermarket giant Asda announces price freeze on 500+ products to tackle inflation
Asda, the third largest supermarket group in Britain, has made an announcement stating that it will freeze the prices of over 500 products until...
UK grocery inflation moderates slightly to 17.2% in May, reports Kantar
British grocery inflation saw a slight easing for the second month in a row in May, as indicated by industry data released on Tuesday....
Amidst inflation concerns, McDonald’s shifts focus to ‘value for money’ menu
Inflation is a cause of concern for many businesses, especially those that rely on serving consumers. However, quick-service restaurants (QSR) are a segment that...
Adani Wilmar’s profitability affected by lower edible oil prices and inflation; reports 60% decline in PAT for FY23
Adani Wilmar, a major player in the FMCG industry, reported in a regulatory filing that their profitability for the quarter ending on March 31,...