Inflation declined marginally to a 10-month low of 8.58% in October, prompting policymakers to proclaim victory in their effort to cool prices, but economists remained sceptical saying the fight is far from over. The decline was mainly due a fall in food inflation to 14.13% from 15.71% in September and the base effect, or higher inflation of last year, data released on Monday showed. Finance Minister Pranab Mukherjee said the full impact...
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A Deadly Misdiagnosis by Michael Specter
Every afternoon at about four, a slight woman named Runi slips out of the cramped, airless room that she shares with her husband and their sixteen children. She skirts the drainage ditch in front of the building, then walks toward the pile of hardened dung cakes that people in this slum on the edge of the northeastern Indian city of Patna use for fuel. Dressed in a bright-yellow sari shot...
More »New CPI to be based on state stats by Rishi Shah
The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention. Each state will have two consumer price indices, one for rural and another for urban areas. These CPI rural and urban will be added up to arrive at urban and rural retail indices at the national level. These...
More »Tomato price plummets by R Arivanantham
Tomoto price has plummeted to Rs. 4 a kg in the wholesale markets in Royakottai, Krishnagiri, Shoolagiri and Hosur because of a bumper crop this season. The price now ranges between Rs. 4 and Rs. 5 a kg. Because of the substantial drop in the price and increase in prices of inputs and seeds and workers' wages tomato farmers have incurred heavy loss. Hosur is one of the prime agricultural belts...
More »Potato prices to fall on good stocks, new crop by Sandip Das
After a significant jump in retail price of potato in the last two weeks due to disruption of supplies on account of heavy rain in northern India, prices are all set to fall because of huge stocks with traders in Uttar Pradesh and West Bengal, the two biggest potato producing states and expected arrival of the new crop from Punjab next month. Traders in Uttar Pradesh and West Bengal, who were...
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