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: 73 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);
}
$message = '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: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/seasonal-variations-in-food-prices-dropped-rbi-study-10646/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/seasonal-variations-in-food-prices-dropped-rbi-study-10646/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 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 88 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
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: 74 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);
}
$message = '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: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/seasonal-variations-in-food-prices-dropped-rbi-study-10646/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/seasonal-variations-in-food-prices-dropped-rbi-study-10646/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 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 88 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 Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c98bcf06e-trace').style.display = (document.getElementById('cakeErr6801c98bcf06e-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6801c98bcf06e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c98bcf06e-code').style.display = (document.getElementById('cakeErr6801c98bcf06e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c98bcf06e-context').style.display = (document.getElementById('cakeErr6801c98bcf06e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6801c98bcf06e-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr6801c98bcf06e-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 10535, 'title' => 'Seasonal variations in food prices dropped: RBI study', 'subheading' => '', 'description' => '<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>', 'credit_writer' => 'The Economic Times, 18 October, 2011, http://economictimes.indiatimes.com/news/economy/indicators/seasonal-variations-in-food-prices-dropped-rbi-study/articleshow/10396223.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'seasonal-variations-in-food-prices-dropped-rbi-study-10646', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 10646, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 10535, 'metaTitle' => 'LATEST NEWS UPDATES | Seasonal variations in food prices dropped: RBI study', 'metaKeywords' => 'Inflation', 'metaDesc' => ' -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...', 'disp' => '<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>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 10535, 'title' => 'Seasonal variations in food prices dropped: RBI study', 'subheading' => '', 'description' => '<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>', 'credit_writer' => 'The Economic Times, 18 October, 2011, http://economictimes.indiatimes.com/news/economy/indicators/seasonal-variations-in-food-prices-dropped-rbi-study/articleshow/10396223.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'seasonal-variations-in-food-prices-dropped-rbi-study-10646', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 10646, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 10535 $metaTitle = 'LATEST NEWS UPDATES | Seasonal variations in food prices dropped: RBI study' $metaKeywords = 'Inflation' $metaDesc = ' -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...' $disp = '<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>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>latest-news-updates/seasonal-variations-in-food-prices-dropped-rbi-study-10646.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Seasonal variations in food prices dropped: RBI study | Im4change.org</title> <meta name="description" content=" -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..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Seasonal variations in food prices dropped: RBI study</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"> </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. </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. "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." </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. </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. </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. </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. "Inflation has become structural in nature," said Indranil Pan, chief economist, Kotak Bank. </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. </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. "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.</div><div style="text-align: justify"><br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6801c98bcf06e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c98bcf06e-code').style.display = (document.getElementById('cakeErr6801c98bcf06e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c98bcf06e-context').style.display = (document.getElementById('cakeErr6801c98bcf06e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6801c98bcf06e-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr6801c98bcf06e-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 10535, 'title' => 'Seasonal variations in food prices dropped: RBI study', 'subheading' => '', 'description' => '<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>', 'credit_writer' => 'The Economic Times, 18 October, 2011, http://economictimes.indiatimes.com/news/economy/indicators/seasonal-variations-in-food-prices-dropped-rbi-study/articleshow/10396223.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'seasonal-variations-in-food-prices-dropped-rbi-study-10646', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 10646, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 10535, 'metaTitle' => 'LATEST NEWS UPDATES | Seasonal variations in food prices dropped: RBI study', 'metaKeywords' => 'Inflation', 'metaDesc' => ' -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...', 'disp' => '<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. 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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. 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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>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>latest-news-updates/seasonal-variations-in-food-prices-dropped-rbi-study-10646.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Seasonal variations in food prices dropped: RBI study | Im4change.org</title> <meta name="description" content=" -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..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Seasonal variations in food prices dropped: RBI study</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"> </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. </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. "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." </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. </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. </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. </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. "Inflation has become structural in nature," said Indranil Pan, chief economist, Kotak Bank. </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. </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. "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.</div><div style="text-align: justify"><br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6801c98bcf06e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c98bcf06e-code').style.display = (document.getElementById('cakeErr6801c98bcf06e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c98bcf06e-context').style.display = (document.getElementById('cakeErr6801c98bcf06e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6801c98bcf06e-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr6801c98bcf06e-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 10535, 'title' => 'Seasonal variations in food prices dropped: RBI study', 'subheading' => '', 'description' => '<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>', 'credit_writer' => 'The Economic Times, 18 October, 2011, http://economictimes.indiatimes.com/news/economy/indicators/seasonal-variations-in-food-prices-dropped-rbi-study/articleshow/10396223.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'seasonal-variations-in-food-prices-dropped-rbi-study-10646', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 10646, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 10535, 'metaTitle' => 'LATEST NEWS UPDATES | Seasonal variations in food prices dropped: RBI study', 'metaKeywords' => 'Inflation', 'metaDesc' => ' -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...', 'disp' => '<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. 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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. 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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>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>latest-news-updates/seasonal-variations-in-food-prices-dropped-rbi-study-10646.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Seasonal variations in food prices dropped: RBI study | Im4change.org</title> <meta name="description" content=" -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..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Seasonal variations in food prices dropped: RBI study</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"> </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. </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. "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." </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. </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. </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. </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. "Inflation has become structural in nature," said Indranil Pan, chief economist, Kotak Bank. </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. </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. "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.</div><div style="text-align: justify"><br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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"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." </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. </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. </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. </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. "Inflation has become structural in nature," said Indranil Pan, chief economist, Kotak Bank. </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. </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. "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. </div> <div style="text-align: justify"> <br /> </div>', 'credit_writer' => 'The Economic Times, 18 October, 2011, http://economictimes.indiatimes.com/news/economy/indicators/seasonal-variations-in-food-prices-dropped-rbi-study/articleshow/10396223.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'seasonal-variations-in-food-prices-dropped-rbi-study-10646', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 10646, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 10535, 'metaTitle' => 'LATEST NEWS UPDATES | Seasonal variations in food prices dropped: RBI study', 'metaKeywords' => 'Inflation', 'metaDesc' => ' -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...', 'disp' => '<div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"> </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. </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. "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." </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. </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. </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. </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. "Inflation has become structural in nature," said Indranil Pan, chief economist, Kotak Bank. </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. </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. "There is a need to improve the production and marketing efficiency of these commodities. 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"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." </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. </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. </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. </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. "Inflation has become structural in nature," said Indranil Pan, chief economist, Kotak Bank. </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. </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. "There is a need to improve the production and marketing efficiency of these commodities. 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Over the years, the...' $disp = '<div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"> </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. </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. "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." </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. </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. </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. </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. "Inflation has become structural in nature," said Indranil Pan, chief economist, Kotak Bank. </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. </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. "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.</div><div style="text-align: justify"><br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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Seasonal variations in food prices dropped: RBI study |
-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. |