16 October,2009 07:53 AM IST | | Alisha Coelho
High prices of sugar, milk, ghee will ensure that even one box of mithaiu00a0will pinch your wallet
This Diwali, gorging on your favourite sweets comes with a steep price tag.
Mithaiwallahs across the city have hiked the prices of their products, as the cost of the raw materials sugar, ghee and milk has risen by almost 20 per cent over last year.
Lower profits
Budhakaka Halwawala store at Mahim, famous for its Mahim halwa, has hiked prices by almost 30 per cent. Last year, they sold halwa for Rs 300 per kg, but this year, it's Rs 400 per kg.
Owner Ramchandra Joshi said, "Escalating costs have been a real problem. (See box). We can't hike our prices to match the costs, but we have raised them a little, so that our profits aren't entirely wiped out."
Sweet Nothings: A few shops in the city have hiked its price by as much as 30 per cent this Diwali. |
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Product |
2009 |
2008 |
Sugar |
Rs 32/kg |
Rs 17/kg |
Ghee |
Rs 250-275/kg |
Rs 190-215/kg |
Milk |
Rs 36-38/litre |
Rs 28-30/litre |