Effect of inflation: Prices of electronic products increased
New Delhi: You must be aware that the prices of TV, fridge and AC have increased from October 1. Now consumers will have to spend more money to buy these electronic products. If you were planning to buy any electronic gadget, this may impact your budget. While people wait for sales during the festive season, now they will have to face inflation. Prices of many household electronic items like AC, LED TV, washing machine and refrigerator have increased by 3 to 8 percent.
In this situation, the question arises in the minds of people that why have the prices of these products been increased suddenly, and why is this the third increase this year. It is important to understand the causes of inflation and the logic behind increasing prices by companies.
Major reasons for increase in prices of electronic products
Main causes of inflation:
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First, when the prices of aluminium, copper, steel and plastics used in these products increase, their prices automatically increase.
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Furthermore, the cost of transporting goods from one place to another is also an important factor. As transportation costs increase, it also impacts the prices of products.
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The strength of the dollar is also a big reason, as it increases the cost of imported goods.
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When raw material prices increase, companies' expenses also increase. To meet these expenses, companies increase the prices of their products.
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In the case of smartphones and laptops, as the demand for memory chips and artificial intelligence apps increases, their prices also increase significantly, thereby increasing the prices of phones and laptops.