Amul hikes price of milk, essential food items to become more expensive. Amul hikes the price of milk by Rs. 3 per liter, making it more expensive for the common man.
This hike comes three months after the Gujarat co-operative had increased the price by Rs.2 per litre in October last year. This back-to-back price increase is a sign of the rising cost of essential food items in the country. The annual inflation rate of India (based on the Wholesale Price Index) is 4.95%. This increasing inflation rate has made it impossible for the common man to afford essential food items. Here are five food items that have seen a jump in prices, thanks to inflation.
1. Milk
Amul Increases Milk Prices by Rs 3 Per Litre.#Amul#Milk#Gujarat#AmulMilkPrice#AmulMilk pic.twitter.com/DcEgzDCf2i
— Daily Fatafat News (@DailyFatafat) February 4, 2023
Milk has become more expensive in the last few years in India. Big brands like Amul as well as small and local brands have hiked their price per liter of milk.
2. Vegetable
In the past few months, poor supply, poor output, and increasing cost of inputs have made vegetables extremely expensive. A simple maths here is to calculate what we would have gotten for hundred rupees before Covid hit and what we get now for the same amount. The impact is right here, in front of us.
3. Pulses
Pulses form a significant staple meal in an Indian household. The base of this chief food item has been shaken up post covid. Lack of supply, issues with imports, and global economic slowdown are issues that have led to an increase in the prices of pulses.
Read more- What has the Budget 2023 Failed to Address?
4. Eggs
Eggs are an easy and favorite breakfast choice in India. With an increase in its prices, 23% of Indians who are egg eaters (How India Became a Nation of Eggetarians | The Juggernaut) are now paying more for their breakfast. This increase in egg prices has also been observed in leading nations of the US. They have faced such an increase due to the spread of avian influenza that started in 2022.
5. Rice
Rice is again an essential food item for Indian households, especially in the Eastern belt. Thai Rice, which is considered the benchmark for Asia has been seeing an increase since the past two years. It recently touched its highest point (Inflation: Soaring rice price shows food inflation still stalking the world – The Economic Times )). With current geo-political situation, changing weather and inflation, it is expected that this essential food is furthur also going to make people shell out more money.
Food Inflation in India is projected to only increase in the coming years. Estimates say that by 2024, food inflation will be around 5.40 %, and 5.90% in 2025. What is even more worrying is the fact that the recent Budget has made no attempt to address these issues. Read More on what the Budget 2023 has failed to address.
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