Onion Prices Surge to 5-Year High in Major Indian Cities

The cost of onions has reached ₹80 per kilogram in Delhi and Mumbai, driven by poor crop quality and rising export demand.

Onion prices in Delhi and Mumbai have increased from ₹40-60 to ₹70-80 per kilogram in recent days.
This price surge marks a five-year high, significantly impacting household budgets and consumer habits.
Factors contributing to the price hike include poor quality of the Kharif crop and increased export demand.
Retail inflation in India is expected to exceed the Reserve Bank of India's 6% limit, further straining consumers.
The Indian rupee's all-time low against the US dollar is exacerbating the inflationary pressures on essential goods.