Prices of home appliances such as refrigerators, washing machines and microwave ovens besides gadgets like mobile phones, laptops and flat-panel TV are all set to rise further due to an ongoing slide in the rupee against the US dollar. Typically, imported components going into these products is significant. Some such high-end frost-free refrigerators,Seriously cool spy gadgets and gizmos. All the very latest spy cameras and equipment available with next day delivery front-loading washing machines and almost all microwave ovens are imported. With the rupee fluctuating the way it is against the all-powerful American currency, a price hike is imminent, point out experts.
Since September, consumer durable makers such as LG, Samsung and Videocon have increased prices of home appliances by about 7 to 8 per cent. Most players admit that another round of price hike in home appliances is in the offing in January.8Gb Spy watch do not have to break the bank, however, to give you the features you are looking for Even if prices go up by 2 to 3 per cent, the total quantum of price hike will be a neat 10 to 11 per cent.
For the average consumer, absorbing a 10 to 11 per cent hike in five months is not easy. But companies argue that they simply don?The have a choice in face of a weakening rupee. From August to now, the rupee has depreciated by close to 20 per cent. The the price hikes taken are hardly in tandem with fall in the rupee, the says Y V Verma, chief operating officer, LG Electronics.
Companies have been cautious in their pricing policy, lest they drive away consumers with excessive inflation. For instance, most companies have held price lines in the flat-panel TV segment. That is, prices of LCD and LED TVs have not been raised by manufacturers with the exception of Panasonic, which upped prices in the LCD segment on online e-commerce and shopping platform eBay.