-UN News Billions of people are facing the greatest cost of living crisis in a generation due to rising food and energy prices amid rapid inflation and increasing debt, leaving the most vulnerable consumers in a dire situation, said the UN trade and development body, UNCTAD on Tuesday. UNCTAD’s analysis shows that a 10 per cent increase in food prices will trigger a five per cent decrease in the incomes of the...
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Government buys 2.5 lakh tonnes of onion for buffer stock
-The New Indian Express Onion production is estimated to have risen to 31.70 million tonnes in 2021-22 from 26.64 million tonnes in the previous year, according to the government data. NEW DELHI: The government has procured 2.5 lakh tonnes of onion from farmers to create buffer stocks for 2022-23 and will intervene in the market in case of rise in retail prices of onion. Onion production is estimated to have risen to 31.70...
More »Retail inflation eases to 7.01% in June, but remains above RBI's target band -Meghna Sen
-Livemint.com For the sixth month in a row, the retail price inflation stayed well above the RBI's upper tolerance limit of 6% India's retail inflation eased slightly to 7.01% in June against 7.04% in the previous month, government data showed today. However, in June 2021, the retail inflation stood at 6.26%. The consumer price-based inflation (CPI) has breached the upper limit of RBI's tolerance band, ranging from 2-6%, for the sixth consecutive...
More »Retail inflation eases in June to 7.01%, but still above RBI’s upper limit -Zia Haq
-Hindustan Times Food price index leapt 7.75% in June on the back of a global spiral in commodity prices, slightly lower than 7.97% in May India’s retail inflation marginally eased for the second month in a row to 7.01% in June from a year ago, official data on Tuesday showed, but Consumer Prices, which rose 7.04% in May, continued to breach the Reserve Bank of India’s upper limit of 6% for the...
More »UN Report: Global hunger numbers rose to as many as 828 million in 2021
-Press release by FAO dated 6 July 2022 The latest State of Food Security and Nutrition report shows the world is moving backwards in efforts to eliminate hunger and malnutrition Rome/New York: The number of people affected by hunger globally rose to as many as 828 million in 2021, an increase of about 46 million since 2020 and 150 million since the outbreak of the COVID-19 pandemic (1), according to a United...
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