Punjab Newsline | Mumbai
After coping with rising prices of gold, silver, petrol, and diesel, consumers are now facing another inflation shock as bread prices have gone up in Mumbai. Several major bread manufacturers have reportedly increased the prices of all bread variants by ₹5, with the revised rates coming into effect from May 16.
For many households, bread, pav, and sandwiches are a staple part of breakfast, making the hike a direct hit on daily expenses.
According to reports, the sharp rise in bread prices is mainly linked to the increasing cost of plastic raw materials used in packaging. India imports a large quantity of plastic powder, and the weakening value of the Indian rupee in the international market has made these imports significantly more expensive.
Apart from packaging costs, transportation expenses have also surged due to the recent hike in petrol and diesel prices. Manufacturers are also facing higher costs for preservatives and other production materials used in bread making. As production and logistics costs continue to rise, companies have passed the burden on to consumers through higher retail prices.
