Israel-Palestine Conflict May Lead to Price Hikes On Everyday Items, Smart TVs, And Washing Machines

The Israel-Palestine conflict and potential involvement of Iran and Lebanon may lead to increased inflation in India

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Global prices of essential food items like wheat and rice have already risen due to the Russia-Ukraine conflict

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Concerns are raised about crude oil supply disruptions, which could rapidly increase fuel prices in India

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Brent crude oil prices surged by $2, reaching nearly $87 per barrel recently

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The fear of Iran's involvement in the conflict adds to concerns, as it is a major crude oil producer

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Higher oil prices may lead to increased costs for products dependent on fossil fuels

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Consumer goods like smart TVs and washing machines might see price hikes

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Festive season goods are expected to remain stable due to sufficient stocks in the Indian market

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After the festive season, an increase in product prices is anticipated

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Supply disruptions could raise prices of plastic and other products, impacting the FMCG sector already facing low demand

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