India's food inflation this week hit its highest since January 2020.
The US sandwich chain even cancelled the free cheese slices it offered for years.
The tomato supply crisis has coincided with a surge in prices by as much as 450 per cent to record highs as monsoon rains disrupted crop and supply chains - although they have since eased. The pain is spreading with July retail inflation data released this week showing prices of vegetables rose 37 per cent over a year. The cost of staples from onions and peas to garlic and ginger have all risen."If the prices remain high, then eventually restaurants will have to take price increases," said Amnish Aggarwal, head of research at India's Prabhudas Lilladher. "There is no other alternative.
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