-Business Standard Vegetables as a category showed deflation of 4.78% in December y-o-y, which meant prices started rising substantially in January New Delhi: Vegetable prices in Azadpur wholesale market have risen in the range of 20-40 per cent in January 2015 as compared to the corresponding period last year. A few items saw a rise beyond this range. While carrots turned expensive by 129 per cent, peas, spinach and cabbage prices increased...
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Inflation drops to 5-year low
-PTI Continuing decline in food prices, including vegetables, pulled wholesale price inflation to a five-year low of 1.77 per cent in October. The Wholesale Price Index (WPI) based inflation was at 2.38 per cent in September and 7.24 per cent in October 2013. As per data released by the government today, the food inflation fell to a nearly two-and-a-half year low of 2.7 per cent. Food inflation is on decline since May. The sharp...
More »October CPI inflation dips to 5.52%, touches historic low
-Business Standard Overall food inflation measured on CPI came down to 5.59% in Oct as against 7.67% in the previous month The Consumer Price Index (CPI) based inflation rose to 5.52% in October compared to the same period last year, its lowest rate since the government started releasing the data in February 2012. For September, CPI inflation was 6.46%, making October's numbers the third consecutive month that retail inflation has eased. According to...
More »Steady rise in fruits and veggies production
Despite high prices of fruits and vegetables, India's area under horticultural crops - mainly fruits, vegetables, spices and flowers - has doubled in around twenty years (between 1991-92 and 2012-13). This has resulted in increase in production of horticultural crops nearly threefold (2.8 times). A new report from the Ministry of Agriculture says that the area under horticultural crops during this period rose from 12.77 million hectares to 23.69 million...
More »WPI inflation hits 5-year low of 2.38% on cheaper food prices
-The Hindustan Times India's wholesale inflation rate plunged to 2.38% in September, the lowest in five years, aided by a sharp drop in vegetable and petrol prices, data released on Tuesday showed, rekindling hopes that the Reserve Bank of India (RBI) will cut interest rates soon. The more than one percentage point drop in wholesale inflation rates over August's 3.74% should bring cheer to the NDA government, which rode to a landslide...
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