Inflation is forcing Indians to switch to cheaper cooking oils ...Middle East

Economy by : (Quartz) -
India’s central bank may have been slow to acknowledge rising inflation but consumers are feeling the heat.Prices of edible oils have risen steadily over the past two years, with brief periods of respite because of the government’s interventions. On the whole, households report that prices of everyday kitchen oils like sunflower, mustard, and soybean have risen by 50%-70% since before the covid-19 pandemic, according to a survey conducted by community-led social media platform LocalCircles.Among the 21,000 respondents surveyed across India, a large majority reported a change in their spending pattern due to this.Read the rest of this story on qz.com. Become a member to get unlimited access t

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