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Prices of household appliances like fridges, ACs, washing machines have risen rapidly in the last few months. The prices of household goods were pushed up as the prices of raw materials continued to rise.
Due to this, it is expected that the network of household appliances like AC, fridge, washing machine will decrease. In a statement issued by ICICI Securities, “The prices of household appliances have been continuously increased over the last two years.
In the last two years, prices of household appliances have increased by around 20%,” it said. According to ICICI Securities, companies are expected to reduce the prices of household appliances such as AC, fridge, microwave and washing machine soon.