Food products gets costlier as Nestle, HUL hike prices

India's retail inflation has hit an eight-month high of 6.07 per cent in February

The prices of Maggi noodles, tea, coffee and milk have been increased by the producers. Nestle India and Hindustan Unilever Limited (HUL) have hiked the rates of their products. 

As per the reports, the prices of Maggi have been increased by 9 to 16 per cent and hence a 70 gram packet of Maggi Masala noodles which used to cost Rs 12 will now cost Rs 14. Also, the price of a 140 gram packet has been increased by Rs 3. While, 560 gram packet of Maggi Masala noodles would cost you Rs 105. 

On the other hand, Nestle has increased the price of A+milk 1 litre carton to Rs 78. The Nescafe Classic 25 gm pack price has gone up to Rs 80. 

HUL has increased prices of its coffee brand Bru and now you have to pay 3 to 7 per cent higher rates for Bru coffee powder. Also Taj Mahal tea price has been increased  5.8 per cent. 

India's retail inflation has hit an eight-month high of 6.07 per cent in February and is above the Reserve Bank of India's comfort level for the second month in a row. The wholesale price-based inflation soared to 13.11 per cent on account of hardening crude oil and non-food item prices, government data showed on Monday.

India Scanner News Network

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