You Have A Cereal Problem
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Retail inflation is red hot once again. Just after two months of cooling below 6%, it spiked to 6.52%, led by a rise in the prices of food items like cereals. Inflation in food and beverages was at 6.19% in January against 4.58% in December. Cereal inflation continued to rise to record highs, touching 16.12% in January. Wheat prices rose 25.05% in January—the highest since at least 2015—pushing up costs of other related products, ran…
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