Maggi, Nescafé, Bru, Taj Mahal, Brooke Bond tea coffee prices raised by Nestlé, new HUL tariffs
In a disappointment for Maggi, tea and coffee lovers, Nestlé and Hindustan Unilever Limited (HUL) announced price hikes for key products.
The Maggi price was increased by Nestlé.
Prices for Maggi noodles, tea, coffee and milk have been increased. In a jolt for consumers, Nestle India and Hindustan Unilever Limited (HUL) have raised prices for their instant, tea and coffee products, according to media reports.
- Maggi prices have been increased by 9-16%.
- A 70 gram pack of Maggi Masala noodles costs you Rs 14, down from Rs 12 earlier.
- The price of a 140 gram pack has been increased by Rs 3.
- A 560 gram pack of Maggi Masala noodles would cost you 105 rupees, down from 96 rupees earlier.
MILK, TEA, COFFEE POWDER
- Nestlé has increased the price of 1 liter carton of A+ milk from Rs 75 to Rs 78.
- The price of the Nescafé Classic 25g pack has risen to Rs 80 from Rs 78 earlier.
- The Nescafé Classic 50g pack would cost you Rs 150, up from Rs 145.
- HUL has raised prices for its Bru coffee brand.
- You have to pay higher rates of 3-7% for Bru powder coffee, 3-4% for Bru Gold coffee and 3-6.6% for Bru instant coffee sachets.
- While the price of Taj Mahal tea rose from 3.7% to 5.8%, Brooke Bond products rose from 1.5% to 14%.
RETAIL INFLATION IS RISING
Meanwhile, India’s retail price inflation hit an eight-month high of 6.07% in February, remaining above the Reserve Bank of India’s (RBI) comfort level for the second consecutive month. , while wholesale price-based inflation jumped to 13.11% on the back of tighter prices for crude oil and non-food items, government data showed on Monday.
The previous peak in retail inflation was 6.26% in June 2021.
Inflation based on the consumer price index (CPI), which is taken into account by the RBI when deciding its monetary policy, has increased mainly due to more expensive food products, according to data published by the National Statistics Office (ONS).
READ ALSO | WPI inflation in India in February stands at 13.11%