Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Seasonal variations in food prices dropped: RBI study    </title>
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-The Economic Times


&nbsp;


If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.&nbsp;





Over the years, the..."/>
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-The Economic Times


&nbsp;


If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.&nbsp;





Over the years, the..." />
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                            <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Over the years, the seasonal variation in prices has dropped and consumers do not have the option of shifting to cheaper produce to keep daily costs down, says a recent Reserve Bank of India study. &quot;Seasonal variation for wholesale price index for 'all commodities' remained low and declined in recent years,&quot; it notes. Sunil Sinha, senior economist, Crisil, says: &quot;People are feeling the pinch of inflation more because of the declining seasonality in prices.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The study shows that the seasonal variation in prices of proteinbased foods has been on the decline in the past 15 years, confirming the rise in demand because of higher incomes.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Seasonal variations largely result from climatic conditions in the case of food articles, though festivals can also at times cause prices to spike but these variations tend to moderate quickly. The RBI study uses an elaborate methodology (X-12 ARIMA) to measure seasonality, but a simple difference between peak and trough prices shows the trend well. NR Bhanumurthy of the National Institute of Public Finance and Policy says prices have been moving up consistently during the last few years rather than going through seasonal variations, a trend that people have come to expect.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This is borne out by the postmonsoon experience last year, when despite bountiful rains prices continue to rise. A repeat seems to be playing out this year as well. Vegetable prices have already risen by 64% since March end. Inflation in vegetable prices is running at 13.01% while the food inflation is 9.32% as of October 1. The analysis of seasonal changes over times allows policymakers to pick up early trends that are long-term in nature.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Economists contend that the increase in prices consistently is due to the structural shift in demand where people have started demanding certain food items more through the year while supply hasn't been able to keep pace. &quot;Inflation has become structural in nature,&quot; said Indranil Pan, chief economist, Kotak Bank.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The high input costs and rising wages could also be keeping prices up through the year. DK Joshi, chief economist of Crisil, does not see anything wrong with the decline in seasonality, but calls for addressing the structural pressure that is causing prices to rise steadily.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In the long run, only higher public investment in agriculture and attracting private investments can help improve agriculture efficiency and increasing production. &quot;There is a need to improve the production and marketing efficiency of these commodities. Role of technologies to reduce cost and increase production, and effectively linking production centers with the consumers, would control the prices of these commodities,&quot; said PK Joshi, agricultural economist at IFPRI.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/indicators/seasonal-variations-in-food-prices-dropped-rbi-study/articleshow/10396223.cms" class="re" target="_blank">The Economic Times, 18 October, 2011, http://economictimes.indiatimes.com/news/economy/indicators/seasonal-variations-in-food-prices-dropped-rbi-study/articleshow/10396223.cms</a><div class="clear"></div>
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-The Economic Times


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If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.&nbsp;





Over the years, the..."/>
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-The Economic Times


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Over the years, the..." />
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    <h1 class="cat-box-title">Seasonal variations in food prices dropped: RBI study</h1>
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                            <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Over the years, the seasonal variation in prices has dropped and consumers do not have the option of shifting to cheaper produce to keep daily costs down, says a recent Reserve Bank of India study. &quot;Seasonal variation for wholesale price index for 'all commodities' remained low and declined in recent years,&quot; it notes. Sunil Sinha, senior economist, Crisil, says: &quot;People are feeling the pinch of inflation more because of the declining seasonality in prices.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The study shows that the seasonal variation in prices of proteinbased foods has been on the decline in the past 15 years, confirming the rise in demand because of higher incomes.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Seasonal variations largely result from climatic conditions in the case of food articles, though festivals can also at times cause prices to spike but these variations tend to moderate quickly. The RBI study uses an elaborate methodology (X-12 ARIMA) to measure seasonality, but a simple difference between peak and trough prices shows the trend well. NR Bhanumurthy of the National Institute of Public Finance and Policy says prices have been moving up consistently during the last few years rather than going through seasonal variations, a trend that people have come to expect.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This is borne out by the postmonsoon experience last year, when despite bountiful rains prices continue to rise. A repeat seems to be playing out this year as well. Vegetable prices have already risen by 64% since March end. Inflation in vegetable prices is running at 13.01% while the food inflation is 9.32% as of October 1. The analysis of seasonal changes over times allows policymakers to pick up early trends that are long-term in nature.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Economists contend that the increase in prices consistently is due to the structural shift in demand where people have started demanding certain food items more through the year while supply hasn't been able to keep pace. &quot;Inflation has become structural in nature,&quot; said Indranil Pan, chief economist, Kotak Bank.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The high input costs and rising wages could also be keeping prices up through the year. DK Joshi, chief economist of Crisil, does not see anything wrong with the decline in seasonality, but calls for addressing the structural pressure that is causing prices to rise steadily.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In the long run, only higher public investment in agriculture and attracting private investments can help improve agriculture efficiency and increasing production. &quot;There is a need to improve the production and marketing efficiency of these commodities. Role of technologies to reduce cost and increase production, and effectively linking production centers with the consumers, would control the prices of these commodities,&quot; said PK Joshi, agricultural economist at IFPRI.</div><div style="text-align: justify"><br /></div>                                                           
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        LATEST NEWS UPDATES | Seasonal variations in food prices dropped: RBI study    </title>
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-The Economic Times


&nbsp;


If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.&nbsp;





Over the years, the..."/>
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-The Economic Times


&nbsp;


If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.&nbsp;





Over the years, the..." />
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    <h1 class="cat-box-title">Seasonal variations in food prices dropped: RBI study</h1>
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                            <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Over the years, the seasonal variation in prices has dropped and consumers do not have the option of shifting to cheaper produce to keep daily costs down, says a recent Reserve Bank of India study. &quot;Seasonal variation for wholesale price index for 'all commodities' remained low and declined in recent years,&quot; it notes. Sunil Sinha, senior economist, Crisil, says: &quot;People are feeling the pinch of inflation more because of the declining seasonality in prices.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The study shows that the seasonal variation in prices of proteinbased foods has been on the decline in the past 15 years, confirming the rise in demand because of higher incomes.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Seasonal variations largely result from climatic conditions in the case of food articles, though festivals can also at times cause prices to spike but these variations tend to moderate quickly. The RBI study uses an elaborate methodology (X-12 ARIMA) to measure seasonality, but a simple difference between peak and trough prices shows the trend well. NR Bhanumurthy of the National Institute of Public Finance and Policy says prices have been moving up consistently during the last few years rather than going through seasonal variations, a trend that people have come to expect.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This is borne out by the postmonsoon experience last year, when despite bountiful rains prices continue to rise. A repeat seems to be playing out this year as well. Vegetable prices have already risen by 64% since March end. Inflation in vegetable prices is running at 13.01% while the food inflation is 9.32% as of October 1. The analysis of seasonal changes over times allows policymakers to pick up early trends that are long-term in nature.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Economists contend that the increase in prices consistently is due to the structural shift in demand where people have started demanding certain food items more through the year while supply hasn't been able to keep pace. &quot;Inflation has become structural in nature,&quot; said Indranil Pan, chief economist, Kotak Bank.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The high input costs and rising wages could also be keeping prices up through the year. DK Joshi, chief economist of Crisil, does not see anything wrong with the decline in seasonality, but calls for addressing the structural pressure that is causing prices to rise steadily.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In the long run, only higher public investment in agriculture and attracting private investments can help improve agriculture efficiency and increasing production. &quot;There is a need to improve the production and marketing efficiency of these commodities. Role of technologies to reduce cost and increase production, and effectively linking production centers with the consumers, would control the prices of these commodities,&quot; said PK Joshi, agricultural economist at IFPRI.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/indicators/seasonal-variations-in-food-prices-dropped-rbi-study/articleshow/10396223.cms" class="re" target="_blank">The Economic Times, 18 October, 2011, http://economictimes.indiatimes.com/news/economy/indicators/seasonal-variations-in-food-prices-dropped-rbi-study/articleshow/10396223.cms</a><div class="clear"></div>
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Seasonal variations in food prices dropped: RBI study

Published on Oct 18, 2011   Modified on Oct 18, 2011

-The Economic Times   If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.  Over the years, the seasonal variation in prices has dropped and consumers do not have the option of shifting to cheaper produce to keep daily costs down, says a recent Reserve Bank of India study. "Seasonal variation for wholesale price index for 'all commodities' remained low and declined in recent years," it notes. Sunil Sinha, senior economist, Crisil, says: "People are feeling the pinch of inflation more because of the declining seasonality in prices."  The study shows that the seasonal variation in prices of proteinbased foods has been on the decline in the past 15 years, confirming the rise in demand because of higher incomes.  Seasonal variations largely result from climatic conditions in the case of food articles, though festivals can also at times cause prices to spike but these variations tend to moderate quickly. The RBI study uses an elaborate methodology (X-12 ARIMA) to measure seasonality, but a simple difference between peak and trough prices shows the trend well. NR Bhanumurthy of the National Institute of Public Finance and Policy says prices have been moving up consistently during the last few years rather than going through seasonal variations, a trend that people have come to expect.  This is borne out by the postmonsoon experience last year, when despite bountiful rains prices continue to rise. A repeat seems to be playing out this year as well. Vegetable prices have already risen by 64% since March end. Inflation in vegetable prices is running at 13.01% while the food inflation is 9.32% as of October 1. The analysis of seasonal changes over times allows policymakers to pick up early trends that are long-term in nature.  Economists contend that the increase in prices consistently is due to the structural shift in demand where people have started demanding certain food items more through the year while supply hasn't been able to keep pace. "Inflation has become structural in nature," said Indranil Pan, chief economist, Kotak Bank.  The high input costs and rising wages could also be keeping prices up through the year. DK Joshi, chief economist of Crisil, does not see anything wrong with the decline in seasonality, but calls for addressing the structural pressure that is causing prices to rise steadily.  In the long run, only higher public investment in agriculture and attracting private investments can help improve agriculture efficiency and increasing production. "There is a need to improve the production and marketing efficiency of these commodities. Role of technologies to reduce cost and increase production, and effectively linking production centers with the consumers, would control the prices of these commodities," said PK Joshi, agricultural economist at IFPRI.

The Economic Times, 18 October, 2011, http://economictimes.indiatimes.com/news/economy/indicators/seasonal-variations-in-food-prices-dropped-rbi-study/articleshow/10396223.cms

Tagged with: Inflation

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