Inflation Takes a Toll on Milk and Formula Products, Tetra Increases Prices - Capital TV

June 4, 2023

Live

Inflation Takes a Toll on Milk and Formula Products, Tetra Increases Prices

Mahnoor Tariq

The cost of some milk products, including infant formula, has increased due to manufacturer pricing increases. A one-liter Tetra milk box now costs Rs. 250 instead of Rs. 230 as of February 20, 2023. Only Rs. 220 was required as of October 2022. 

An official from Nestle Pakistan Ltd (NPL) explained that the high rate of inflation and the effect of the declining currency on all items were to blame for the price hike. 

Follow More: Inflation Soars to 27.77%, Highest Since May 1975

The official listed further grounds for the price increase, including growing costs for milk production, feed, gasoline, and packing materials. Depending on sales and stock levels, retailers and department stores generally offer brand-labeled milk products at somewhat discounted costs.

The price hike:

The official listed further grounds for the price increase, including growing costs for milk production, feed, gasoline, and packing materials. Depending on sales and stock levels, retailers and department stores generally offer brand-labeled milk products at somewhat discounted costs. 

The updated list:

A retailer claims that the business increased the price of Nido 1 Plus 900-gram and 375-gram from Rs. 1,360 and 640 to Rs. 1,780 and Rs. 770, respectively. The price of Nido 3 Plus 800-gram and 375-gram packages has decreased from Rs. 1,490 and 720 to Rs. 1,610 and Rs. 780, respectively. The cost of the 200-gram and 400-gram packs of Lactogen I has increased from Rs. 460 and Rs. 860 to Rs. 1,450 and Rs. 990, respectively. It is vital to remember that NPL sales climbed 20% to Rs. 121 billion between January and September 2022, compared to Rs. 100 billion over the same period the previous year, in response to high demand and new product releases.

icon-facebook icon-twitter icon-whatsapp

Leave a Reply

Your email address will not be published. Required fields are marked *