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


        trigger_error($message, E_USER_DEPRECATED);

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

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


        trigger_error($message, E_USER_DEPRECATED);

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

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

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        LATEST NEWS UPDATES | Wholesale price inflation likely edged up to 5 per cent in July    </title>
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-Reuters


BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed.

Wholesale prices, India's key inflation measure, rose an annual..."/>
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-Reuters


BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed.

Wholesale prices, India's key inflation measure, rose an annual..." />
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                            <div align="justify">-Reuters<br /><br /><em><br />BANGALORE: </em>Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed.<br /><br />Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level.<br /><br />That was up slightly up from June's 4.89 percent reading.<br /><br />If the trend continues, the central bank's task of containing inflation will likely get more difficult, since raising interest rates will adversely affect an already slowing economy.<br /><br />A global sell-off has made the Indian rupee the worst-performing emerging Asian currency so far in 2013. It hit an all-time low of 61.80 per dollar last week and is down almost 10 percent against the dollar so far this year.<br /><br />India is also one of the largest importers of crude oil and a pick up in prices through last month coupled with the weak currency added to wholesale prices, which just a few months ago had fallen to below 5 percent.<br /><br />&quot;The higher price of crude oil, in rupee terms, is expected to push up the minerals index,&quot; said Aditi Nayar, economist at ICRA.<br /><br />&quot;Some pass through of the rupee depreciation into input prices (cost of raw materials) is expected this month, although the pass through to output prices (end-product prices) may be restrained by the subdued demand conditions.&quot;<br /><br />In response, state run oil marketing firms have hiked the pump price of diesel and petrol to offset under-recoveries.<br /><br />Food prices, another important factor of inflation in the country, are expected to have remained stable last month although the rising fuel costs and shortages in supply of key items suggests there will be a pick-up in the near future.<br /><br />Already the price of onions, a staple item in Indian food, have started to soar.<br /><br />&quot;Excessive dependence on rainfall has caught India on the bad side even with better rains than last year. Prices of many vegetables such as tomatoes, brinjals and onions have doubled as excessive rain damaged crops,&quot; said Bharti Bhargava, FX analyst covering India at Forecast Pte.<br /><br />Last year's draught in several areas has contributed to the steep retail prices of vegetables.<br /><br />Food inflation accelerated for the second month in a row to 9.74 percent in June as vegetable, including onion, prices shot up over 20 percent from the previous month.<br /><br />Higher food prices pushed up retail inflation to 9.87 percent in June. Government data due later on Monday is expected to show consumer prices in July rose 9.70 percent compared with a year earlier.<br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/indicators/wholesale-price-inflation-likely-edged-up-to-5-per-cent-in-july/articleshow/21775346.cms" class="re" target="_blank">The Economic Times, 12 August, 2013, http://economictimes.indiatimes.com/news/economy/indicators/wholesale-price-inflation-likely-edged-up-to-5-per-cent-in-july/articleshow/21775346.cms</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Wholesale price inflation likely edged up to 5 per cent in July    </title>
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-Reuters


BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed.

Wholesale prices, India's key inflation measure, rose an annual..."/>
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-Reuters


BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed.

Wholesale prices, India's key inflation measure, rose an annual..." />
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    <h1 class="cat-box-title">Wholesale price inflation likely edged up to 5 per cent in July</h1>
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                            <div align="justify">-Reuters<br /><br /><em><br />BANGALORE: </em>Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed.<br /><br />Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level.<br /><br />That was up slightly up from June's 4.89 percent reading.<br /><br />If the trend continues, the central bank's task of containing inflation will likely get more difficult, since raising interest rates will adversely affect an already slowing economy.<br /><br />A global sell-off has made the Indian rupee the worst-performing emerging Asian currency so far in 2013. It hit an all-time low of 61.80 per dollar last week and is down almost 10 percent against the dollar so far this year.<br /><br />India is also one of the largest importers of crude oil and a pick up in prices through last month coupled with the weak currency added to wholesale prices, which just a few months ago had fallen to below 5 percent.<br /><br />&quot;The higher price of crude oil, in rupee terms, is expected to push up the minerals index,&quot; said Aditi Nayar, economist at ICRA.<br /><br />&quot;Some pass through of the rupee depreciation into input prices (cost of raw materials) is expected this month, although the pass through to output prices (end-product prices) may be restrained by the subdued demand conditions.&quot;<br /><br />In response, state run oil marketing firms have hiked the pump price of diesel and petrol to offset under-recoveries.<br /><br />Food prices, another important factor of inflation in the country, are expected to have remained stable last month although the rising fuel costs and shortages in supply of key items suggests there will be a pick-up in the near future.<br /><br />Already the price of onions, a staple item in Indian food, have started to soar.<br /><br />&quot;Excessive dependence on rainfall has caught India on the bad side even with better rains than last year. Prices of many vegetables such as tomatoes, brinjals and onions have doubled as excessive rain damaged crops,&quot; said Bharti Bhargava, FX analyst covering India at Forecast Pte.<br /><br />Last year's draught in several areas has contributed to the steep retail prices of vegetables.<br /><br />Food inflation accelerated for the second month in a row to 9.74 percent in June as vegetable, including onion, prices shot up over 20 percent from the previous month.<br /><br />Higher food prices pushed up retail inflation to 9.87 percent in June. Government data due later on Monday is expected to show consumer prices in July rose 9.70 percent compared with a year earlier.<br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/indicators/wholesale-price-inflation-likely-edged-up-to-5-per-cent-in-july/articleshow/21775346.cms" class="re" target="_blank">The Economic Times, 12 August, 2013, http://economictimes.indiatimes.com/news/economy/indicators/wholesale-price-inflation-likely-edged-up-to-5-per-cent-in-july/articleshow/21775346.cms</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Wholesale price inflation likely edged up to 5 per cent in July    </title>
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-Reuters


BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed.

Wholesale prices, India's key inflation measure, rose an annual..."/>
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-Reuters


BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed.

Wholesale prices, India's key inflation measure, rose an annual..." />
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    <h1 class="cat-box-title">Wholesale price inflation likely edged up to 5 per cent in July</h1>
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                            <div align="justify">-Reuters<br /><br /><em><br />BANGALORE: </em>Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed.<br /><br />Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level.<br /><br />That was up slightly up from June's 4.89 percent reading.<br /><br />If the trend continues, the central bank's task of containing inflation will likely get more difficult, since raising interest rates will adversely affect an already slowing economy.<br /><br />A global sell-off has made the Indian rupee the worst-performing emerging Asian currency so far in 2013. It hit an all-time low of 61.80 per dollar last week and is down almost 10 percent against the dollar so far this year.<br /><br />India is also one of the largest importers of crude oil and a pick up in prices through last month coupled with the weak currency added to wholesale prices, which just a few months ago had fallen to below 5 percent.<br /><br />&quot;The higher price of crude oil, in rupee terms, is expected to push up the minerals index,&quot; said Aditi Nayar, economist at ICRA.<br /><br />&quot;Some pass through of the rupee depreciation into input prices (cost of raw materials) is expected this month, although the pass through to output prices (end-product prices) may be restrained by the subdued demand conditions.&quot;<br /><br />In response, state run oil marketing firms have hiked the pump price of diesel and petrol to offset under-recoveries.<br /><br />Food prices, another important factor of inflation in the country, are expected to have remained stable last month although the rising fuel costs and shortages in supply of key items suggests there will be a pick-up in the near future.<br /><br />Already the price of onions, a staple item in Indian food, have started to soar.<br /><br />&quot;Excessive dependence on rainfall has caught India on the bad side even with better rains than last year. Prices of many vegetables such as tomatoes, brinjals and onions have doubled as excessive rain damaged crops,&quot; said Bharti Bhargava, FX analyst covering India at Forecast Pte.<br /><br />Last year's draught in several areas has contributed to the steep retail prices of vegetables.<br /><br />Food inflation accelerated for the second month in a row to 9.74 percent in June as vegetable, including onion, prices shot up over 20 percent from the previous month.<br /><br />Higher food prices pushed up retail inflation to 9.87 percent in June. Government data due later on Monday is expected to show consumer prices in July rose 9.70 percent compared with a year earlier.<br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/indicators/wholesale-price-inflation-likely-edged-up-to-5-per-cent-in-july/articleshow/21775346.cms" class="re" target="_blank">The Economic Times, 12 August, 2013, http://economictimes.indiatimes.com/news/economy/indicators/wholesale-price-inflation-likely-edged-up-to-5-per-cent-in-july/articleshow/21775346.cms</a><div class="clear"></div>
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Home हिन्दी

Wholesale price inflation likely edged up to 5 per cent in July

Published on Aug 12, 2013   Modified on Aug 12, 2013

-Reuters BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed. Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level. That was up slightly up from June's 4.89 percent reading. If the trend continues, the central bank's task of containing inflation will likely get more difficult, since raising interest rates will adversely affect an already slowing economy. A global sell-off has made the Indian rupee the worst-performing emerging Asian currency so far in 2013. It hit an all-time low of 61.80 per dollar last week and is down almost 10 percent against the dollar so far this year. India is also one of the largest importers of crude oil and a pick up in prices through last month coupled with the weak currency added to wholesale prices, which just a few months ago had fallen to below 5 percent. "The higher price of crude oil, in rupee terms, is expected to push up the minerals index," said Aditi Nayar, economist at ICRA. "Some pass through of the rupee depreciation into input prices (cost of raw materials) is expected this month, although the pass through to output prices (end-product prices) may be restrained by the subdued demand conditions." In response, state run oil marketing firms have hiked the pump price of diesel and petrol to offset under-recoveries. Food prices, another important factor of inflation in the country, are expected to have remained stable last month although the rising fuel costs and shortages in supply of key items suggests there will be a pick-up in the near future. Already the price of onions, a staple item in Indian food, have started to soar. "Excessive dependence on rainfall has caught India on the bad side even with better rains than last year. Prices of many vegetables such as tomatoes, brinjals and onions have doubled as excessive rain damaged crops," said Bharti Bhargava, FX analyst covering India at Forecast Pte. Last year's draught in several areas has contributed to the steep retail prices of vegetables. Food inflation accelerated for the second month in a row to 9.74 percent in June as vegetable, including onion, prices shot up over 20 percent from the previous month. Higher food prices pushed up retail inflation to 9.87 percent in June. Government data due later on Monday is expected to show consumer prices in July rose 9.70 percent compared with a year earlier.

The Economic Times, 12 August, 2013, http://economictimes.indiatimes.com/news/economy/indicators/wholesale-price-inflation-likely-edged-up-to-5-per-cent-in-july/articleshow/21775346.cms

Tagged with: Inflation food prices Food Security

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