Not only milk, these dairy products are also spoiling the kitchen budget

Since last year, the whole world is in the grip of inflation. Especially food inflation is spoiling the kitchen budget of the people. The prices of milk and milk products (Dairy Products Prices), which are used daily in every household, have increased many times during the last few months. The troublesome thing is that at present, there is no hope of relief in their prices.

Inflation of ghee is spoiling the taste

Government figures themselves are telling the story of this deteriorating picture of inflation. According to statistics from the Ministry of Statistics, the prices of milk and various milk products have increased rapidly during the last six months. Among these, the biggest impact of inflation has been on ghee. Dairy products like ice cream and baby foods are also not far behind in the race of inflation.

What do official figures say

According to the ministry’s data, the retail inflation of ghee was 8.95 per cent in August last year, which crossed 18 per cent in the last month i.e. January 2023. It was followed by ice cream, whose retail inflation increased from 10.29 per cent to 11.07 per cent in the last six months. Similarly, in January 2023, the retail inflation of baby food was 10.63 percent. If you look at other dairy products, in January 2023, the retail inflation of curd was 9 percent, liquid milk 8.79 percent, butter i.e. butter 7.49 percent and milk powder 6.86 percent.

No hope of relief for so many months

This is a matter of the last six months, the next few months are not going to be good either. At least the industry believes so. Manish Bandlish, managing director of the leading dairy company Mother Dairy, talked about this in a recent interview given to a newspaper. He said that this rising trend in milk prices is going to continue at least till October this year. This means that there is no hope of relief in milk prices for the next eight months. Now if the prices of milk do not come down, then the prices of dairy products made from milk will also increase.

This is the opinion of industry experts

Not only the MD of Mother Dairy but also other experts of the dairy industry repeat the same thing. Actually the dairy industry is facing many challenges right now. The biggest challenge is the imbalance between demand and supply. Apart from this, less availability of raw milk and increased prices of animal feed are also adding to the difficulties. Industry experts say that this change in the dairy sector may take two to three years to become normal. Recently, this industry has also been troubled by the rapidly spreading Lumpy disease.

Reserve Bank’s problem may also increase

Overall, the point is that the common people will have to face challenges in managing the kitchen budget at present. On the other hand, the rising trend in the prices of milk and dairy products can also become a cause of trouble for the Reserve Bank and the government. The Reserve Bank is expecting retail inflation to be controlled in the next financial year starting from April. However, after coming under the purview of the Reserve Bank for two months, retail inflation has once again crossed 6 per cent in January. Earlier, during the first 10 months of 2022, retail inflation has been more than 6 percent.