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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,…
Read More “Wholesale inflation hit a 15-month high in May” »
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” »
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…
Read More “Wholesale price inflation rises to 1.26% in April ” »
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…
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…
Read More “Inflation drops to 10-month low in March 2024, but no relief on food bills yet” »
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…
Read More “ADB pegs India’s GDP growth at 7% in 2024-25, 7.2% next year” »
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…
Read More “With food spends down in the country, growth may get leg-up” »
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…
Read More “Export bans and stocking limits: are they working? | Data” »
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…
Grocery item put on display for sale at a market, in New Delhi. File | Photo Credit: Sushil Kumar Verma India’s inflation woes are not over yet but food price spikes may be “transitory”, the Finance Ministry said on August 22, attributing the latest spike in headline inflation to global uncertainties triggered by the termination…
Read More “Inflation pressures may linger, but food prices to cool soon: Finanace Ministry” »