Rates Of Electronic Appliances To Witness Hike From January 2021

Owing to an increase in the expense of raw materials and transportation, electronic appliances' prices will likely increase by 10% in January 2021. Reportedly, LG has indicated a 7-8% increase in the rates and Panasonic hinted of a 6-7% rise. However, Sony is yet to announce its decision on the price hike. Besides, the Consumer Electronics and Appliances Manufacturers Association has warned the price hike may influence the overall demand.