National Small Matchbox Manufacturers Association increases price of matchbox from Re 1 to Rs 2

National Small Matchbox Manufacturers Association increases price of matchbox from Re 1 to Rs 2

• National Small Matchbox Manufacturers Association has increased the price of a matchbox from Re.1 to Rs. 2 per box. This will come into effect from December 01, 2021.
• The increase in the price of matchbox has been done after 14 years since last increase in 2007 from 50 paise to Re. 1.
• However, with the increase in the price of matchboxes, the number of matchsticks in each box has also been increased from 36 matchsticks to 50 matchsticks. The increase in price was necessary as the price of all the 14 key raw materials of the matchstick has increased.

Points to remember: 

1. Which organization has announced an increase in the price of a matchbox? – National Small Matchbox Manufacturers Association
2. New price of matchbox w.e.f December 2021?- Rs 2 with 50 matchsticks

Source: the hindu