Food Inflation

Retail tomato prices drop 22% on improved supplies

Sun, Nov 17, 2024

Retail tomato prices declined 22.4 per cent month-on-month on improved supplies across the country, the Consumer Affairs Ministry said on Sunday.

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Exclusive: As onion prices cross Rs 100/kg mark in many regions, state authorities may take stern action against hoarders

Mon, Nov 11, 2024

With an aim to tackle soaring onion prices, local authorities may soon take action against hoarders and middlemen in the national capital. The Centre is closely tracking demand, supply and price trends related to onions in different locations in the country. 

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Vegetables Price Pinch: 29% Indian households reduced green vegetable consumption to cope with price rise, as per survey

Wed, Oct 16, 2024

The cost of a home-cooked vegetarian thali surged 11 per cent year-on-year (y-o-y) in September, driven by rising vegetable prices, rating agency Crisil Ltd said in a report. It states that the rise in the vegetarian meal cost can be attributed to sharp increases in the prices of key vegetables, including onion, potato and tomato, which account for around 37 per cent of the cost.

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July wholesale inflation rises to 1.88%

Mon, Aug 14, 2017

Analysts expected WPI inflation to rise in July 2017 as prices picked up in the month. However, WPI continues to be well below the Reserve Bank of India's (RBI) target. The central bank expects retail inflation could accelerate to 3.5% to 4.5% in October-December.

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Retail Inflation rose by just 1.54% in June

Wed, Jul 12, 2017

Analysts expected consumer inflation to slow down due to sharp drop in food and oil prices. RBI has lowered down its inflation trajectory in the second bi-monthly monetary policy meet. 

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After months of drifting apart, India's wholesale and retail inflation are finally converging

Mon, Jun 19, 2017

Both WPI and CPI have reached to a series low in the month of May 2017 and are now just 1 basis point difference between each other. 

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India's May retail inflation reaches record low of 2.18%

Mon, Jun 12, 2017

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RBI monetary policy: Will normal monsoon make a case for rate cut?

Wed, Jun 07, 2017

With inflation seen to cool in the economy and chances of a normal monsoon the Monetary Policy Committee, headed by Urjit Patel, RBI Governor is expected to keep repo rate unchanged at 6.25%. However ahead of GST implementation and increase in minimum support prices of food articles, will RBI maintain status quo? Analysts speak.  

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Even without El-Nino possibility, these factors may keep inflation at 5%

Fri, Apr 21, 2017

Michael Debabrata Patra, member of MPC, in minutes of meeting of the RBI policy meet said, "True to projections made at the time of the last meeting of the Committee, inflation is turning up. It seems to me that it is coming out of the U-shaped compression imposed by demonetisation and is now positioned on the rising slope. Several factors merit pre-emptive concern."

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Can Rupee save India from rising wholesale inflation?

Tue, Apr 18, 2017

Siddharth Purohit Senior Equity Research Analysts – Banking of Angel Broking said, “We believe a strong rupee should result in lower crude oil prices for Indian basket and that should keep both CPI and WPI under check in the near term.”

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Inflation is likely to play spoilsport at RBI’s rate cut party

Fri, Apr 07, 2017

In March 2017, private sector weather forecaster Skymet said that the probability of India experiencing a ‘below normal’ monsoon are high. What this simply means is that the agriculture sector will produce less which will result in inching up food prices.

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Below normal monsoon may impact your EMIs, economy in more ways than one

Fri, Mar 31, 2017

On March 27, Skymet Weather predicted for India this year a below normal monsoon at 95% of the long period average (LPA) of 887 mm (89 cm) for the four-month period from June - September.

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Consumer price inflation set to see upside pressure: Crisil

Tue, Feb 14, 2017

The fuel component of CPI rose afresh on rising crude oil prices and weaker rupee. Meanwhile, the persistent stickiness in core inflation is contrary to the refrain that demonetisation had materially dented core demand. Core inflation (CPI excluding food) rose to 5.1% in January from 5% in December, the report said.

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HSBC sees Sensex at 30,500 by end of 2017 on government reforms

Wed, Jan 11, 2017

Global financial services major HSBC has set an optimistic benchmark BSE Sensex target at 30,500 for December-end, 2017 saying that structural reforms like demonetisation and GST will boost growth in the long run.

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Priority to keep food inflation in check during 2017: Paswan

Tue, Jan 03, 2017

"During 2016, we were able to control the prices of pulses as well as sugar. This year, our focus will be to keep food inflation under check and protect consumers interest," Paswan told.

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Demonetisation positive? Inflation could fall further, RBI says

Wed, Dec 07, 2016

Inflation may come down marginally due to the withdrawal of higher denominations in November.

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Monsoon to play rate-cut spoilsport?

Tue, Sep 13, 2016

Despite the retail inflation easing to a five-month low of 5.05% for the month of August, industry’s hopes of getting an interest rate cut from the Reserve Bank of India (RBI), might not be realised.

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Rajan to cut rates by 25 bps tomorrow: BofA-ML

Mon, Aug 08, 2016

Taking a contrary stand, foreign brokerage BofA-ML today said outgoing Governor Raghuram Rajan is likely to cut rates by 0.25 % in his final monetary policy review tomorrow on expectations of a cool down in inflation.

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Cereals prices need to be monitored: India Ratings

Thu, Jul 14, 2016

India's wholesale price index-based (WPI) inflation for the June month rose up 1.62% on the back of expensive food and manufactured items with a rating agency stating that prices of cereals have to be monitored going forward. 

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WPI inflation at 1.62% in June, food prices continue to hurt

Thu, Jul 14, 2016

India's wholesale price index (WPI), or wholesale inflation has risen more than expected, at 1.62% in the month of June 2016 as against -2.13% in the same month of last year. 

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Retail inflation rises to 5.77% in June; pulses, vegetables to blame

Tue, Jul 12, 2016

Consumer Price Inflation (CPI), or retail inflation, continues to rise. 

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Normal monsoon crucial to India's continuing recovery, says StanChart

Sun, Jul 03, 2016

According to the global financial services major, domestic factors are likely to shape India's economic growth prospects amid global economic and political uncertainty and hence, performance of monsoon has gained importance in this fiscal year.

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Will this monsoon be good enough to rein in inflation?

Tue, Jun 14, 2016

As per Crisil, food inflation is expected to come down if the monsoon season is indeed favourable. A good monsoon means that food production in India will increase which will erase the pains of past two years’ droughts. Food prices, on the back of better production, will hence come down.

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