Rising milk powder prices heighten economic concerns for SL consumers
January 14, Colombo (LNW): Commencing the following week, consumers in Sri Lanka will bear the brunt of increased prices in imported milk powder, with a notable surge of Rs. 30 for the 400g packet and a substantial hike of Rs. 75 for the 1kg packet, the Milk Powder Importers Association disclosed.
This development has sparked concerns among citizens who are already grappling with economic challenges, and the significant price increments are expected to have a direct impact on household budgets, particularly affecting those on fixed incomes.
Critics argue that such escalations in essential commodity prices reflect poorly on the government’s ability to manage economic stability and mitigate the financial burdens faced by its citizens.
The move comes at a time when the public is already contending with various economic challenges, including rising living costs.
The decision by the Milk Powder Importers Association to impose these substantial price hikes is likely to fuel discontent among the populace and raise questions about the government’s effectiveness in safeguarding the economic well-being of its citizens.