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LATEST NEWS UPDATES | Prices of daily essentials spike by up to 40% -Sangeetha Chengappa

Prices of daily essentials spike by up to 40% -Sangeetha Chengappa

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published Published on Jun 22, 2021   modified Modified on Jun 22, 2021

-The Hindu Business Line

Hike leads to 5% increase in average monthly household spend, says report

Bengaluru: Prices of daily essentials and groceries in India have risen by up to 40 per cent. Consequently, monthly average household spend on essentials and groceries has gone up by 5 per cent since the April-June quarter of 2020, reveals a report by Ratan Tata-backed retail digitisation start-up SnapBizz.

The report highlights that the FMCG price inflation over the past 15 months has been large for categories like atta, sugar and other loose items such as pulses and spices due to increases in agricultural costs. 

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The Hindu Business Line, 22 June, 2021, https://www.thehindubusinessline.com/economy/prices-of-daily-essentials-spike-by-up-to-40/article34892010.ece


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