look news india
Wheat flour price rises to 15-year high: Inflation is at its peak. The budget of the common people has gone haywire. The prices of fruits and vegetables have not reduced yet. The prices of flour are also skyrocketing there. Flour prices have reportedly reached a 15-year high due to rising wheat prices. According to the Kantar report, the biggest impact of this increase has been on rural areas. The burden of expenses on the family has increased. The growth of FMCG sector has slowed down.
Wheat flour price at 15 year high
Due to huge jump in wheat prices, the price of wheat flour increased to Rs 20. Has reached Rs 42 per kg. Which is more than January 2009. Due to less wheat cultivation, the wheat stock with the government is also less than the demand. That’s why prices are increasing. In urban areas, the inflation rate on food items has increased at the rate of 11.1 percent. The prices of most FMCG products have increased.
Household expenditure increased by 13 percent in two years
Due to rising food prices, FMCG companies are increasing prices as well as reducing quantities. Due to which per family expenditure in urban areas has increased by 13 percent in two years. Inflation rate is increasing across the country. Kantar’s report estimates that there will be no relief in inflation at present. He has also expressed apprehension that prices will increase for some time to come. There is a possibility of inflation rate increasing in the first six months of next year.
