How Your Grocery Bill Fares Amid Rising Raw Material Prices
Prices of groceries and other essentials rose over the last few months as raw material prices rise.
Crude palm oil—key to making food products like biscuits, bread, chocolate and ice cream, and cosmetics—prices rose to the highest in five years at $951 per tonne, according to Bloomberg data. That’s expected to have a ripple effect on the prices of key products. And that’s only one among the raw inputs.
Here’s how your grocery bill has turned costlier of late:
Oils And Salt
The price of Fortune sunflower oil has increased by Rs 20 to Rs 195 a litre, according to data collated by BloombergQuint.
The ingredients for your morning cuppa—milk and coffee or tea—have also turned expensive.
Prices of pulses and wheat flour have, however, remained unchanged.
While prices of some vegetables rose, others have remained stable.
Watch to know more: