Oil prices rise, memory prices soar: Home appliance industry begins price hike in April, with increases up to 20%

According to reports, starting April 1st, some home appliance companies have increased the supply prices of certain models of appliances such as TVs, air conditioners, refrigerators, and washing machines, with price hikes ranging from 2% to 10%, and even 10% to 20% for major kitchen appliances like range hoods and stoves. Since retailers are still selling existing inventory, the “perceived” price increase at the end consumer level is not yet obvious, but it is expected to become more apparent this month. Some companies and retailers are concerned that the price hikes will put additional pressure on a market already lacking growth, and analysts predict that the market and industry will become more segmented. (First Financial)