Fashion retailers in India suffer sales pain as tomato, onion prices surge ...Middle East

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Fashion retailers in India suffer sales pain as tomato, onion prices surge
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[1/2]A salesman stands inside a retail store with a sign advertising a sale in New Delhi, India August 21, 2023. REUTERS/Adnan Abidi Acquire Licensing Rights NEW DELHI/MUMBAI, Aug 28 (Reuters) – Across India’s malls and high streets, the mood at fashion shops is sombre – foot traffic is down, sales are low and many brands are embarking on steeper-than-usual discounts for longer-than-usual periods of time. The culprit? Sky-high food inflation after erratic monsoon rains damaged crops and disrupted supply chains. Prices for tomatoes have rocketed, at one point close to five times since June, while those for onions, another staple in Indian cooking, have risen 80% in some areas like New

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