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It isn't crude oil but edible oil that is giving the government a headache

Rising edible oil prices are pushing up inflation and hurting consumers

June 16, 2021 / 10:22 AM IST
It isn't crude oil but edible oil that is giving the government a headache

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Inflation numbers are giving the government a nightmare. As if a jump in crude oil prices that is leading to higher petrol and diesel prices burning a hole in the pocket of the middle-class was not bad enough, edible oil prices have gone through the roof. Government data shows that the monthly average retail prices of all six edible oils have soared to an 11-year high in May 2021. High prices are coinciding with rising unemployment and lower incomes due...

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