Price-tags of daily essentials rise up to 22% since January

"We don't see inflation ebbing anytime soon given the volatility in global markets. There are still no signs of demand recovery," said Anil Chugh, head of the foods business at Wipro Consumer Care. "With prices of many commodities still above last year's level, we expect companies to pass any benefit from falling palm and crude oil through promotions and not direct price-cuts, amid uncertainty."

from Economy-News-Economic Times https://ift.tt/dCXFD3S
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