Iran War Impact: Milk, Medicines, Daily Essentials to Get Costlier by 3-4%

• Ongoing West Asia conflict to hit common people's pockets due to rising crude oil prices and weakening rupee.
• Everyday goods, including milk and medicines, could become 3-4% more expensive in the coming time.
• FMCG, consumer durables, cooking oil, soap, detergent, paints, biscuits, and cold drinks prices are set to rise.
• Increased crude oil prices drive up costs for plastic, polymer, and packaging, leading companies to pass on expenses.
• Some companies are using 'shrinkflation' by reducing product quantity while maintaining price to offset costs.