Senior industry executives said companies are cutting down on discounts and promotional offers, which will raise prices 3-5%. For some items such as televisions it could be 7-10%, since the international price of the main component — the TV panel — has already risen 15-20% due to shortages.
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Covid-19 impact: Prices of durables, phones set to rise by February end
Covid-19 impact: Prices of durables, phones set to rise by February end
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