India is growing there is no denial but our leader wants to project that we are the best developing in terms of numbers which is a big fat lie. 2.5% price hike on the products? Anyone can tell that is a lie because it should be atleast 10% on average and then there is inflation rate.
I don't know where did you got 10%. All I'm seeing is it's around 2.5% - 5%.
I didn't say that based on any reports but from what I noticed from the regular grocery bill, if we take the most 10 used grocery product such as milk, ghee, cooking oil, meant and such are hiked around 10% that is coming from the first hand expereince not from any reports. So 2.5 might be the price hike average of everything?
In grocery list, our main procurement are pulses, rice, cooking oil and we do bulk shopping as I live in joint family. Didn't felt much pinch on pocket in regards to first 2 products but cooking oil did and think price will keep fluctuating because we are import depented and also add new ethanol policy not just in India but in our main import source countries as well.
Self sufficient in dairy, eggs and semi self sufficient in meat as we have few livestock and also do farming in small scale but can say that with 100% guarantee that it is because feed costs are skyrocketing for various reasons. Seafood prices are okay tho and in some cases went down.
Yeah, recent announcement from HUL does indicate that.
