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LATEST NEWS UPDATES | Retail inflation: Why your grocery bill could remain high -Surabhi

Retail inflation: Why your grocery bill could remain high -Surabhi

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published Published on Feb 14, 2020   modified Modified on Feb 14, 2020
-The Hindu Business Line

Onion prices may be cooling, but food inflation likely to remain high; core inflation a worry

Consumers staring at rising prices are unlikely to have much reprieve. Analysts believe that retail inflation may be peaking now but caution that prices will remain high in coming months.

So while onion prices have come down, your monthly grocery bill could still be on the higher side for the first half of 2020 as food inflation becomes is more broad based. Pain points amongst food items could be cereals, meat, fish, milk, pulses, oils and sugar — all of which seem to be on a rising trajectory.
 
The steep hike in LPG cylinder prices of Rs.144.5 in Delhi to Rs.149 in Kolkata will add to inflationary pressures.

Official data revealed that retail inflation surged to a 68-month high of 7.59 per cent in January, against 7.35 per cent in December 2019 and 1.97 per cent in January 2019.

Please click here to read more.

The Hindu Business Line, 13 February, 2020, https://www.thehindubusinessline.com/economy/why-your-grocery-bill-could-remain-high/article30808612.ece?homepage=true&fbclid=IwAR2OejSJzXiKOZP_v6Mu0ZEW


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