The big news: ‘these’ things will get expensive by the new year 2020

New Delhi: With the onset of the new year, you will be facing an inflationary shock. As the year 2020 begins, the price will rise. Everyday things will get expensive. Companies have made preparations to raise the prices of essential commodities. With this price hike, the burden on your pocket will increase and your month’s budget will go down. In the new year, prices of electronic items to FMCG products and trains will increase.

‘These’ things will become expensive –
According to media news, things that may increase the price in the New Year include many things, including flour, edible oil, sugar, milk. The price of milk and edible oils is expected to rise by 12-20%.

FMCG company Nestle, Parle and ITC will reduce their product size instead of raising prices. According to the Consumer Products industry, TV prices have increased by 15-17% globally so TV prices will increase from January.

In addition, new energy labeling norms will come into effect from January 2020, making the manufacturing of five star refrigerators expensive up to Rs 6,000.

These include edible oils, garlic, lentils, oil seeds and onions etc. Snacks, frozen foods, cakes, soaps, ready-to-eat mills, biscuits and noodles can be expensive starting January. Many auto sector companies have announced to increase prices. These include companies like Hyundai and Renault. These companies have said that due to the increase in cost, prices will increase from January 1, 2020. Among the trains that Renault will raise prices for are Tiber, Destroyer, Quid, Capture and Logi. At the same time, Hyundai Motor India has said that it will increase the prices of hatchback, sedan and SUV.