Indian mills produced 14.87 million metric tons of sugar between Oct. 1 and Jan. 15, a 7% fall from the previous year, because of lower output in key producing Maharashtra and Karnataka states, a leading industry body said on Wednesday. Maharashtra’s sugar production fell to 5.1 million tons from 6.09 million tons, while Karnataka’s production … Read more
On top of food inflation and shrinkflation, consumer analysts are warning customers about the rise of another issue: skimpflation. “Skimpflation is basically when a manufacturer decides to reformulate a product usually using cheaper ingredients,” consumer watchdog Edgar Dworsky told Global News. Dworsky has been analyzing food products in the United States and has been posting … Read more
Retail inflation for farm workers rose to 7.37 per cent and that for rural labourers climbed to 7.13 per cent in November, mainly due to higher prices of certain food items. Retail inflation in October was 7.08 per cent and 6.92 per cent for farm workers and rural labourers, respectively, according to an official statement. … Read more
