Tag: food inflation

Why Are Food Prices Rising? Centre Answers In Key Document Before Budget

July 22, 2024 admin

Food inflation, which stood at 6.6% in FY23, increased to 7.5% in FY24. New Delhi: The central government’s timely interventions and stability measures by the Reserve Bank of India (RBI) helped maintain retail inflation at 5.4% despite the pandemic and geopolitical tensions, according to the Economic Survey 2024. Headline inflation, which the RBI expects at…

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Wholesale inflation hit a 15-month high in May

June 14, 2024 admin

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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Rural inflation still over 5%; food inflation nears 9% in urban India

June 12, 2024 admin

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…

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Wholesale price inflation rises to 1.26% in April

May 14, 2024 admin

April marks the sixth successive month that the Wholesale Price Index has risen on a year-on-year basis. Representational file image. | Photo Credit: SUSHIL KUMAR VERMA Inflation in India’s wholesale prices rose to a 12-month high of 1.26% in April, from 0.53% in March, owing to an uptick in food inflation and a 1.4% year-on-year…

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Retail inflation eases to 4.83% in April

May 13, 2024 admin

Food inflation surged to a four-month high of 8.7% in April from 8.52% in March. Representational file image. | Photo Credit: Reuters Consumers faced a further acceleration in steep food prices in April, even as India’s overall retail inflation remained virtually unchanged at 4.83% last month, compared with 4.85% in March. Food inflation surged to…

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Inflation drops to 10-month low in March 2024, but no relief on food bills yet

April 12, 2024 admin

A similar easing was recorded in pulses, whose prices rose 17.7% in March, 2024, from 18.5% in February. | Photo Credit: Sushil Kumar Verma India’s retail inflation moderated to a ten-month low of 4.85% in March from 5.1% in February, but food inflation remained sticky at 8.52%, little changed from the 8.66% recorded in the…

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ADB pegs India’s GDP growth at 7% in 2024-25, 7.2% next year

April 11, 2024 admin

Photo used for representation purpose only. | Photo Credit: Reuters India’s economy is expected to remain robust over the next two years even though headline growth in the country’s Gross Domestic Product (GDP) is forecast to slow from 7.6% in 2023-24 to 7% this year before improving to 7.2% in 2025-26, the Asian Development Bank…

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With food spends down in the country, growth may get leg-up

February 25, 2024 admin

Coming after a 11-year hiatus, the latest Household Consumption Expenditure Survey findings based on surveys conducted between August 2022 and July 2023, shall feed into a possible review of the Consumer Price Index. | Photo Credit: The Hindu India’s headline inflation is expected to trend down creating more room for monetary and fiscal policy to…

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Export bans and stocking limits: are they working? | Data

September 20, 2023 admin

A policy brief argued for a rational trade policy to contain food inflation which takes into account both consumers and producers. | Photo Credit: TRAVELLINGLIGHT A policy brief issued by the Indian Council for Research on International Economic Relations said that the recent steps taken by the government to curb inflation, such as wheat and…

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Due to stagnant income levels, 74% in India can’t afford a healthy diet: UN agency report | Data

September 1, 2023 admin

A man cooks food at his home adjacent to railway track, as a train passes near the Daya Basti area in New Delhi on Tuesday, September 22, 2020. | Photo Credit: MOORTHY RV The report, ‘State of Food Security and Nutrition in the World’ (SOFI) 2023, published last month, shows that while the cost of…

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