Inflation to weigh heavier on households; grocery, consumer goods will soon be 5-20% costlier

Brace yourselves for higher grocery bills. FMCG companies are hiking prices on everyday essentials. Tea, edible oil, soap, and more will cost 5-20% more. Companies blame rising commodity costs and import duties. This marks the biggest price jump in a year. Analysts worry about the impact on consumer demand. Companies hope consumers can absorb the increases.