-PTI Pinning hopes on rupee stabilisation and the impact of a good monsoon in the coming days, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said he expected inflation to hover around 5 and 6 per cent by the year-end. "With currency appearing to stabilise, I don't expect this (effect on inflation) to continue. I think if we can get moderation on the food front once the impact of a good monsoon...
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Brittle supply chain leads to soaring vegetable prices -Sandip Das and Subhomoy Bhattacharjee
-The Indian Express Despite the scare scenario painted for production trends for key vegetables, it turns out that there is no dip in availability. This includes onion, whose prices have flared in the past few weeks. Data from the past two years compared with that for the current year indicates that the problem for the four vegetables that have a pan-India presence - onion, tomato, brinjal, potato - is because of logistics...
More »July inflation accelerates to 5.79%: Government
-PTI NEW DELHI: Rising prices of onions and other vegetables pushed inflation to a five-month high of 5.79 per cent in July even as the government and RBI battled to stabilise the rupee. Inflation based on the Wholesale Price Index (WPI) was at 4.86 per cent in June. In July 2012, it was 7.52 per cent. The July number is above the Reserve Bank's comfort level of 4-5 per cent inflation. This is...
More »History shows humble onions can deep fry political class -Akshaya Mukul
-The Times of India NEW DELHI: It is no big deal that for a Parliament used to discussing and dissecting scams worth thousands of crores, the dissipating odour of onions hasn't reached its hallowed portals. For more than a week of the Monsoon session little work has been done, and even less time has been spent discussing spiraling prices of essential commodities. After all, it has only touched Rs 100/kg and not yet...
More »GET READY FOR HIGHER FOOD PRICES
The declining trend in food Price Inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...
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