Here's a shocking statistic: The prices of traditional sweetmeats have shot up 500% in the past two decades. On an average, burfi prices have risen by more than 11% every year in the past 17 years. The price rise affects all pockets because sweets are an essential part of any social or religious celebration in India.
Then: The price of 1 kg of burfi was Rs 35-40 in 1992.
Now: It now sells for Rs 210-240, a rise of 500% in 17 years.
Then: If the price of burfi keeps rising at the same rate, 1 kg will cost Rs 1,260-1,440 in 2026.
Interestingly, the prices of the ingredients used for making sweets have not risen so fast. Sugar prices have barely doubled in 15 years and milk prices have risen about 150% in 12 years.
Most of the inflation in sweets is due to the sharp rise in wage and fuel costs since 1992.
