All the noodle lovers out there we have bad news for you. The all-time favorite Indian Noodle Maggi has now become pricier. Nestle and Hindustan Unilever Limited (HUL) have announced rate hikes for major products.
Maggi sees a price hike
According to the reports, Nestle India has decided to hike the rates of Maggi noodles due to the rise in costs. The new rates have been enforced from Monday, March 14, 2022. The company has decided to raise the prices of Maggi noodles by 9 percent to 16 percent.
A 70-gram pack of Maggi will now cost Rs 14, which is Rs 2 higher than the earlier Rs 12. The price of a 140-gram magi pack has also been raised by Rs 3 per pack. Furthermore, the 560-gram pack of Maggi will now cost Rs 105, Rs 9 higher than the earlier price of Rs 96.
As a surprise to the consumers, Nestle India and Hindustan Unilever Limited (HUL) have hiked the rates of their caffeine products too. Along with Maggi noodles, tea, coffee, and milk have also been increased.
Other products from Nestle
Nestle’s famous coffee, Nescafe, for a 50-gram pack will now cost Rs 150, Rs 5 more than the earlier price of Rs 145. The price of a 25-gram pack of Nescafe has been raised by 2.5 percent.
Along with this, Nestle’s milk powder has also witnessed a hike. A one-liter pack of Nestle A-plus milk will now cost Rs 78, Rs 3 more than the earlier Rs 75.
Reports also suggest that the shares of the company increased by Rs 54 or 0.31 percent on Monday. One share of Nestle India now values Rs 17,376.95. On March 2, 2022, the value of one share was Rs 17,844.
Here is what Twitter feels
Maggi raises it's price .
students in engineering colleges and kota . pic.twitter.com/putMdSOmbn
— sober_man (@StonerPsychic) March 14, 2022
Petrol price hike, merchandise price hike, mobile price hike and now maggi price hike
Middle class me: pic.twitter.com/lXeUTEfugb
— Aman 👾 (@iamboyaman) March 16, 2022
never gonna recover from the price hike of maggi😢
— ʇɹɹʞs (SMD) (@foohrafza) March 18, 2022
my trust issues started when maggi took more than 2 minutes to cook
— m. (@Oowomaniyyaa) March 21, 2022
Actually these are more tastier than Maggi.
Like 👍 pic.twitter.com/gL7UxAvzYI
— predator (@warriorz47) March 21, 2022
#maggie #gst #pizza
*Maggie Price Hike to rs14*
Pizza topping to Maggie:- pic.twitter.com/j9U2vVmtCX
— Himanshu Laddha (@daalchawal96) March 15, 2022
College Students in HOSTEL Reaction After MAGGIE PRICE HIKE Rs.2
Rs.14 from Rs.12 😭 pic.twitter.com/RJX3sJbrmP
— Vivek (Tech Dekhoji ❤️) (@TechDekhoji) March 14, 2022
#maggi price hike in India pic.twitter.com/m6VuEAbop4
— Vini!¡!¡✨♥💫 (@thespeakingeyes) March 16, 2022
Maggi price hike 📈 the reason is inflation, what is inflation
For ex back in 2015 maggi costs ₹5 small packet.If you have ₹1000 you can buy 200 packets.
With ₹1000 Now you can buy only 71 packet because each pack costs ₹14.
— Somadev10 (@somadev10) March 14, 2022