-ThePrint.in The govt Wednesday raised support prices for 14 crops by 6 per cent, on an average — the highest in four years. New Delhi: India’s latest price support policy for farmers places more emphasis on keeping consumer inflation in check than reflecting the new normal of rising cultivation costs and soaring food prices following the Ukraine war, a reading of the numbers show. The Narendra Modi government Wednesday announced minimum support prices...
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Extreme weather shriveled several crops this year, tomato prices surge 168% YoY -Zia Haq
-Hindustan Times Unseasonal rains also damaged lemon crops during the flowering stage in several states in January and then, a heatwave while March-April harvesting crimped output. In April, prices leapt to unseen levels, reaching up to ₹200 a kilo. New Delhi: Extreme weather that scientists have linked to climate change has hit output of several crops this year, making fruits and vegetables costlier. The average retail price of tomatoes, a basic ingredient of...
More »Why Telangana’s inflation is high compared to other states -Paul Oommen
-TheNewsMinute.com Telangana is among four states that have recorded the highest inflation in terms of Consumer Price Index, as per data released by the National Statistical Office (NSO). In April, when the country’s retail inflation surged to an eight-year-high of 7.79%, state-wise data showed that Telangana had one of the highest inflation rate in the country: 9.02%. It was behind two other states—West Bengal which had 9.12% and Madhya Pradesh with 9.10%....
More »Economy Facing Stagflation: Need to Improve Supplies and Keep up Demand -Arun Kumar
-Newsclick.in The economy faces stagflation. The steps announced by the government are a start. More needs to be done to eliminate supply bottlenecks without curtailing demand. The Government, worried about the inflation rapidly inching up month after month, has finally become pro-active. The steps announced are designed to lower the prices of basics like diesel, steel, cement and plastics. Wholesale Price Index (‘WPI’) has risen at more than ten per cent for...
More »Rural food prices continued to surge in April -AM Jigeesh
-The Hindu CPI for agricultural and rural workers increased by 10 points each last month Rising food prices spurred an increase by 10 points each in the all-India Consumer Price Index (CPI) for agricultural and rural labourers, respectively, last month, the Ministry of Labour and Employment said in a release on Saturday. An increase in the prices of rice, wheat-atta, jowar, bajra, ragi, vegetables and fruits contributed the bulk of the spike in...
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