Nestle has expressed concerns about the unprecedented headwinds faced by commodity prices, which are expected to impact milk prices. The company’s statement comes amidst rising global commodity prices, including that of milk. This raises concerns for consumers who may have to pay more for their dairy products. Read more to find out the impact of these price hikes.
Food inflation in India remains above the ‘comfort’ level in New Delhi despite easing retail inflation. Retail inflation in India dropped to a four-month low of 4.87% in October. Food inflation accounted for nearly half of the consumer price basket and was 6.61% in October. A government official expressed the desire for overall moderation in food prices, which have been volatile. Vegetable, milk, and cereal prices were key drivers of inflation, according to the official. RBI Governor Shaktikanta Das also highlighted the risks posed by a spike in food prices.
