Impact of Gulf war: Input costs make electronics, cars & more goods expensive

Automakers are considering 2-3% increase in prices, while consumer electronics and appliances may become 5-6% costlier, reflecting their heavy use of plastic components. Luxury carmakers Mercedes-Benz and Audi have announced price increases of around 2% effective April 1, while mainstream carmakers are finalising their revisions. Manufacturers said prices of shoes, synthetic fibre-based apparel and decorative household paints could also rise by up to 9–10%.