India's annual food inflation based on wholesale prices rose to 17.4% for the week ended January 16 from 16.81% the week before, according to official statistics released on Thursday. Essential items continued to rule firm, with potatoes dearer by 57.56% over the past 52 weeks, pulses up 46.87%, and vegetables costlier by 10.5%. But prices of onions declined 1.69%. The limited data on the wholesale index released by the commerce...

Hit by soaring food inflation, the government moved into urgent damage control mode on Wednesday, with Prime Minister Manmohan Singh stepping into the frame and deciding to meet chief ministers to urge stronger anti-hoarding measures and improved lifting and distribution of foodgrains. The Centre plans to quickly release 2-3 million tonnes of wheat and rice in the retail market, using its own agencies like NAFED and NCCF besides PDS outlets....

Amid rising food prices hitting the household budget, Finance Minister Pranab Mukherjee on Thursday said he has no "instant solution" to the problem. "Unlike instant coffee, there is no instant solution to such vexed problem as inflation," he told reporters when asked about the steps being taken by the government to check food inflation which almost touched 20 per cent during the third week of December. Discounting the possibility of...

After easing a bit in the previous week, food inflation was back to near-20% levels in the third week of December as items such as potatoes and pulses continued to belie hopes of sustained relief over prices of essential commodities. The wholesale price-based index of food articles rose by 1.18% for the week ended December 19 from 18.65% a week ago. One week before that, food inflation had stood at...

More than the return of the United Progressive Alliance (UPA) government to power, the aam admi will remember the year 2009 for the back-breaking mehngai and the inability of the government to make dal-roti, sabzi and chini affordable for the masses. The unprecedented rise in the price of essential commodities, particularly pulses, sugar, milk and vegetables turned the year bitter for the aam admi. What was irksome for the people was...