By N. Lothungbeni Humtsoe

New Delhi, Sep 2 (SocialNews.XYZ) The country’s economy battles with inflation, and food prices have skyrocketed. For instance, edible oils and wheat, along with other food essentials, have seen price spikes that are already burning a hole in customers’ wallets.

“Earlier, food inflation was influenced by many factors such as rising rural wages, higher minimum support prices, and a narrowing output gap. Moreover, low demand, low global prices, the muted effects of higher minimum support prices (MSP), low global prices, and unfavorable monsoon conditions, including droughts and other weather conditions were driving factors in the past.

“Currently, Geopolitical reasons, Covid Impact, short supply chains, the Russia Ukraine War, labour costs, and the rise in oil prices have contributed to the inflation,” says entrepreneur and Chef Sachin Sahgal, Co-Founder of Meatington.

The food industry, like all other industries, saw slowdowns both during and after the pandemic. And now, the war between Ukraine and Russia has caused an enormous increase in oil prices, the price of gasoline and diesel, as well as an increase in the price of cooking oils like sunflower oil, soybean oil, palm oil, rapeseed oil, are the main causes of inflation. Other factors driving inflation include supply chain disruptions.

“Inflation has been high in past two years which majorly…