Inflation In India: Why the prices of essential commodities including flour, pulses and rice are touching the sky
According to a general study, 1 person daily at least 4 loaves (4 loaves) eats. Have you ever known the cost of these 4 rotis? No because most of the normal Indian families get 1 month ration , And from that the cost is calculated. But if we count 4 rotis then how much does it cost?? There have been some guesses to calculate this. According to a study, an average of 100 grams of flour is used to make 4 rotis.
10 years ago the cost of 1 kg of flour was Rs 22.48. At that time it used to cost Rs 2.24 to make 4 rotis.
Today the price of 1 kg of flour is around Rs 32.91. So the cost of making 4 rotis is Rs 3.29. This means that the price of 4 rotis has increased by an average of Re 1 in 10 years. Apart from flour, the prices of essential commodities like pulses, rice, oil and salt are also increasing.
At this time the price of flour in the country is breaking all the previous records. Flour prices are at their all-time high since January 2010. As per the Ministry of Consumer Affairs, the last date. On May 9, the average price of one kg of flour in the country was Rs 32.91. The price of 1 kg of flour has increased by Re 1 in just 1 year.
Why is flour getting so expensive??
Economic experts give two main reasons for this. According to him, the production of wheat in the country is decreasing and the stock is also falling. Apart from this, the import of wheat from outside the country is also increasing.
According to government data, on May 9 in the capital Delhi, the price of 1 kg of flour was Rs 27. So flour is being sold at Rs 59 a kg in Port Blair, the capital of the Andaman and Nicobar Union Territory. The price of flour in Mumbai is Rs 49 per kg.
According to Sutron, the prices of flour are increasing continuously since the first day of this year. Flour prices have gone up by 6 per cent since January 1.
What do economic experts have to say??
However, the biggest reason right now is that there has been a steady decline in wheat production due to the Russo-Ukraine war. Russia and Ukraine account for a quarter of global wheat exports. In 2019, Russia exported wheat worth $ 8.14 billion and Ukraine $3.11 billion.
The war between the two countries has led to a worldwide shortage of wheat, with prices rising steadily. One of the reasons for the increase in wheat prices in India is the huge demand for Indian wheat in the world, due to which there has been a steady increase in the prices of wheat in the country today. Apart from this, due to increase in diesel prices, the transportation cost of wheat has also increased.
Economists point to two main reasons. According to experts, the production of wheat in the country is decreasing and the stock is also falling. In addition, the demand for wheat outside the country is increasing. According to the information received, the prices of flour are increasing rapidly since the first day of this year. Flour prices have gone up by 6 per cent since January 1.
The war between Russia and Ukraine has further reduced wheat production. Russia and Ukraine account for a quarter of world wheat exports. In 2019, Russia exported wheat worth $ 8.14 billion and Ukraine $3.11 billion.
The war between the two countries has led to a worldwide shortage of wheat and rising prices. One of the reasons for the increase in wheat prices in India is the high demand for Indian wheat abroad, which has led to a rise in prices in the country. Apart from this, rising diesel prices have also increased the cost of transportation of wheat.
Due to flour becoming more expensive, the price of bakery goods will also touch the sky !!
Due to the continuous increase in the price of flour, bakery food has also become expensive. Recently, the prices of bakery products like biscuits and bread have also gone up. Retail inflation of bakery bread stood at 8.39 per cent in March this year, the highest in seven years. In addition, Britannia, which makes bakery items like Jam Biscuits and Mary Gold, plans to increase its prices by 10 per cent in the near future.
Britannia Managing Director Varun Berry had recently said that the political turmoil in the world has led to a steady rise in the prices of raw materials like flour, sugar and cashew. So that the prices of our food items can also increase.