Essentials and Rising Prices

Amidst the geopolitical tensions, focusing on the increasing price of various assets, oil, etc. One thing to look at is the rise in the commodity prices of Kitchen essentials which have shot up.

Was just going through the below article and the impact seems to be quite notable.

It seems Indian households will now have to contend with higher prices of some rather essential commodities.

The latest government data on inflation showed inflation for pulses was at 3 percent in January, while that for edible oils was a tad below 20 percent.

All this could in turn lead to inflationary concerns amid price pressures.

How do you think this would impact going further? With markets already being affected, what impact will the rising prices of the essentials have on the consumer?

Source: ET


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