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Inflation at 14-Month High, Food Prices Rise by 20%

-Outlook Costly vegetables, particularly potato and onion, pushed the November wholesale inflation to a 14-month high of 7.52 per cent, making it difficult for the Reserve Bank to ease key policy rate. Vegetable prices shot up by 95.25 per cent in November as compared to 78.38 per cent in the previous month, said the Wholesale Price Index (WPI) inflation data released today. The overall inflation in the food segment comprising wheat, pulses, vegetables,...

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Prices of pulses to remain subdued for next few months: Crisil

-PTI MUMBAI: Prices of pulses are expected to remain low in the next few months following good monsoons, high acreage, lower hikes in minimum support price and moderate demand, according to a report by rating agency Crisil. "Pulses inflation is likely to stay low over the next few months thanks to good monsoons, higher acreage, lower hikes in minimum support prices and moderate demand," the CrisilBSE -0.74 % report said. Food inflation in...

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Mamata's potato politics sends prices crashing-Namrata Acharya

-The Business Standard Open market price cools down as chief minister orders cold storages to empty stock by December 15 Kolkata: The first big task in hand at the new address is a success. Sitting in the plush office at the 14th floor of the newly-inaugurated secretariat, by default facing one of the infrastructure marvels created in the predecessor regime, the Vivekananda Setu, Chief Minister Mamata Banerjee has finally reined in the intractable...

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A lesson cooks in potato pot-Devadeep Purohit and Kinsuk Basu

-The Telegraph Kolkata: The Mamata Banerjee government should have calculated the costs of possible retaliation by other states before banning potato export from Bengal, agriculture experts have said. For now, no state has threatened a payback for the ban, clamped despite pleas from the chief ministers of Odisha and Assam after a shortage pushed up potato prices in Bengal. As the Bengal administration grapples with the problem, importers of essential foodstuff have sounded...

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Price rise: Poor man’s curse-L Venkat Ram Reddy

-Deccan Chronicle Hyderabad: The rising prices are driving people from the lower income groups in the city into extreme poverty. These groups earn about Rs 5,000 per month and most of it goes towards house rent and food, leaving nothing for their children's education and health needs. The rising prices of rice, cereals, vegetables are fo-rcing the urban poor to cut back on the quantity and quality of their food resulting in food...

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