Diwali 2024 is around the corner and despite the economic challenges of inflation and rising prices, Mumbaikars are determined to keep the festive spirit alive. However, with inflation on the rise and prices of essential goods and services skyrocketing, many Mumbaikars are reconsidering how to celebrate the festival of lights this year. While economic challenges cast a shadow, the spirit of Diwali remains undiminished, as residents across the city explore creative and meaningful ways to celebrate within budget constraints.

The impact of inflation on Diwali preparations

The cost of living in Mumbai, already one of the highest in India, has been further exacerbated by inflationary trends in 2024. The prices of basic commodities such as vegetables, cooking oil, and grains have surged, and this has put pressure on household budgets during a time traditionally marked by indulgence. As one resident, Kavita Shah from Andheri, remarks, “Every year, we would shop for new clothes, gifts, and prepare elaborate meals, but this time, we are forced to cut down. Prices of even simple ingredients for sweets have almost doubled.”