Tighten Your Family Budget..! Prices poised to shoot up..!?

frame Tighten Your Family Budget..! Prices poised to shoot up..!?

Sowmiya Sriram
Tighten Your Family Budget..! Prices poised to shoot up..!?

Following in the footsteps of Nestle, Dabur, and Barley, two other essential commodities, are also set to raise prices. Crude oil imports to india have been severely affected by Russia's invasion of Ukraine. As a result, wheat imports and cooking oil prices rose sharply. Subsequently, the cost of baking is likely to increase as the price of crude oil, a plastic raw material used for baking food items, increases.
In an interview with a private news agency, mayank Shah, a senior official in Barley's business, said that they are constantly monitoring the situation. They cannot accept this because inflation is constantly rising. Therefore, like other companies, they are going to raise prices by 10 to 15 percent.
He said as the price is constantly changing they will raise the price to this extent.In addition, the price of palm oil has gone up by Rs 180 per liter and has now come down to Rs 150. The price of crude oil has dropped from $ 140 to $ 100. It is to be noted that companies were forced to raise commodity prices as input costs increased.
Ankush Jain, Chief Financial Officer, Dabur india, said that as inflation continues to rise, prices continue to rise. Consumers are the ones who are suffering as commodity prices rise due to rising inflation.
For more interesting updates click and follow Indiaherald WhatsApp channel

Find Out More:

prices of essential commodities rise up

Related Articles: