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Congress general secretary (communication) Jairam Ramesh | Photo Credit: ANI The Congress on Thursday (November 28, 2024) alleged that Prime Minister Narendra Modi’s entire focus is not on reducing inflation, but on showing low inflation figures, and said a government that is focused on propaganda and data manipulation is not one that can be relied…
Representational Image Tracking rising temperatures is becoming a better way of forecasting food inflation in India than the rain patterns economists have typically relied on, according to HSBC Holdings Plc. The link between extreme heat, exacerbated by climate change, and the price of agricultural commodities in India has strengthened over the past decade, the bank…
Read More “India’s Heat Is Now A Better Predictor Of Food Prices, Inflation Than Rain: Report” »
Food prices rose 1.14% over April levels. Image used for representative purpose only. | Photo Credit: K. Murali Kumar Inflation in India’s wholesale prices accelerated to a 15-month high of 2.61% in May, more than double April’s pace, with food inflation surging to a 10-month peak of 7.4% driven by steeper prices for vegetables, fruits,…
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With prices rising 17.14% in May, pulses have now completed a year of over 10% inflation. File | Photo Credit: The Hindu India’s consumer price inflation eased a tad from 4.83% in April to a one-year low of 4.75% in May, but food price rise remained unchanged at 8.7%, with urban households facing a sharper…
Read More “Rural inflation still over 5%; food inflation nears 9% in urban India” »
Prices of food remained elevated. File | Photo Credit: SUSHIL KUMAR VERMA India’s retail inflation remained virtually unchanged at 5.09% in February from 5.10% in January, even as food prices paid by consumers rose from 8.3% to 8.66%, the National Statistical Office said on March 12. The industrial output growth slowed to 3.8% in January,…
Read More “Retail inflation eases marginally to 5.09% in February” »