New Delhi: Ongoing conflict involving Iran and Israel is starting to affect India’s economy. Experts say prices of everyday items like cooking oil, soap, shampoo, and biscuits may soon go up, putting extra pressure on common people.
The main reason behind this possible price rise is the increase in crude oil and raw material costs. Due to tensions in the Middle East, supply routes like the Strait of Hormuz are facing disruptions, which has slowed down the transport of important goods. This has made imports more expensive for Indian companies.
According to reports, FMCG (fast-moving consumer goods) companies are planning to increase prices by around 3% to 4% in the first quarter of the financial year 2026–27. A weaker Indian rupee has also added to the problem, making imported materials costlier.
Until now, companies were managing production using existing stock. But as raw materials become scarce and expensive, maintaining current prices is becoming difficult.
If companies go ahead with the price hike, common household products like shampoo, edible oil, and packaged food items may become more expensive in the coming months. This could directly impact household budgets across the country.