Instant noodles are on the menu in many urban homes across India. The price of this widely consumed item has risen by an average 6% a year since 1992, slower than the 6.6% rise in consumer prices, but faster than the 5.5% rise in wheat flour prices during this period.
Then: The price of a 100 gm pack (one serving) of instant noodles was Rs 4 in 1992.
Now: A 100 gm pack now sells for Rs 10, a 150% rise in 16 years.
Then: If the price of instant noodles keeps rising at the same rate, one pack will cost Rs 26 in 2024.
Whenever there is an economic downturn in Southeast Asia, the sale of instant noodles shoots up as people turn to cheap food. In India, however, instant noodles aren’t the cheapest of foods though they are considered convenient by millions of mothers and young, working professionals.
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