Be prepared for continued, high inflation: HUL’s Mehta

NEW DELHI: Businesses need to be prepared for possibilities of a continued or higher inflation and deflation of commodity prices in next 2-3 years, HUL CEO & MD Sanjiv Mehta said on Tuesday. The unprecedented inflation is not homegrown but has been caused by several global factors, including supply chain disruption due to the pandemic and Ukraine-Russia war, he said while speaking at a Ficci event.
“It is very difficult to predict but I think where we have to be ready with is possible three scenarios in the world today,” Mehta said when asked about his thoughts on the possibility of inflation coming down in the near future. One possibility is, he said, “the inflation or a slight deflation will continue at a moderated pace from the elevated base today. The second is it could go up even further, and the third is there could be a deflation in commodity prices.”