Value growth hit in 2023, volumes fill consumer baskets, Ret

Value growth hit in 2023, volumes fill consumer baskets, Retail News, ET Retail

Consumer Baskets: For fast-moving consumer goods, a sharp price cut in edible oil dragged down value growth. A cooler summer and erratic rainfall impacted beverages and food, while rural markets stayed under pressure due to inflation. Value sales fell 4.5% during October-December, according to Bizom, which analyses data based on orders at nearly 7.5 million kirana stores.

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