FMCG: Prices of edible oils, which experienced significant inflation after the COVID-19 pandemic, have declined by 13-30% over the past year. However, prices of daily groceries and household products, including rice, soaps, and detergents, have seen marginal increases in 2022, according to a report by Bizom.
The report is based on a survey which provides hiring insights across the four sectors of construction and infrastructure; telecom; retail, fast-moving consumer goods (FMCG) and fast-moving consumer durables (FMCD); and energy and utilities.
The 52-week high serves as a crucial technical indicator for traders and investors, signifying the highest price a stock has reached in the preceding year.
Listed FMCG companies are grappling with rising competition from local firms or the unorganized sector, especially in categories such as tea, soaps and detergents
Prices of edible oils, which experienced significant inflation after the COVID-19 pandemic, have declined by 13-30% over the past year. However, prices of daily groceries and household products, including rice, soaps, and detergents, have seen marginal increases in 2022, according to a report by Bizom.