Diwali Sweet Boxes Faces Inflation Bite as Sugar Prices Surge 30%
9 Articles
9 Articles
Diwali gets costlier: Why rising milk, ghee, butter and dry fruit prices are squeezing festive budgets
Higher prices of dairy products, almonds, pistachios and other ingredients are raising the cost of homemade sweets, packaged mithai and corporate Diwali hampers. Supply constraints and rising food inflation are adding to the pressure on festive budgets.
India’s Diwali Sweet Box Comes With a Bitter Dose of Inflation
Brightly colored boxes of sweets are piling up in shops, offices and homes across India, as they always do around this time. The country is preparing to celebrate Diwali, the main Hindu festival of the year, and exchanging treats is one of the defining rituals.
Lucknow High Sugar Prices: Expensive sugar has dampened the sweetness of Diwali. Sugar toys used in pujas have become up to 50 percent more expensive, with the price of sugar rising from ₹45 to ₹65 per kg.
Demand for dry fruit gift packs has surged during the festival season. Fearing adulteration in sweets, people are purchasing gift packs of dry fruits. Notably, plain almonds, cashews, pistachios, walnuts, and raisins, as well as mango almonds, saffron kulfi cashews, and rose petal dates, are also available in many varieties. These are priced between ₹1,500 and ₹1,800. Chocolate, mango, and kulfi-flavored dry fruits are a popular choice this Diwa…
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