-IndiaToday.in Russia-Ukraine war news updates: The attack on Ukraine has jolted the oil market around the world as well as in India. The dark clouds over edible oil imports in India have come at a time when the Retail prices of edible oil are already plateauing. Russia’s invasion of Ukraine has jolted the crude oil market around the world and that is poised to raise petrol and diesel prices in India as...
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Retail Inflation at 6.01% in January, Hits 7-Month High -Aparna Deb
-News18.com The RBI has been mandated by the government to keep retail inflation at 4 per cent with a margin of 2 per cent on either side India’s retail inflation increased to 6.01 per cent in the month of January, driven by higher consumer goods and telecom prices along with a comparatively low rate a year ago, data released by the Ministry of Statistics and Programme Implementation on Monday indicated. Inflation, as...
More »Why are tomato and onion prices fluctuating?
-The Hindu The unexpected price shocks to onions and tomatoes are triggered by unseasonal rains and prolonged drought The prices of tomatoes and onions are the most volatile in Indian markets. The Economic Survey 2021-2022, released on Monday, explores the reasons behind the variations in the prices of these two staple vegetables. The survey argues that seasonality in production and irregular shocks contribute equally to volatile prices. The unexpected price shocks to...
More »Climate and food price rise: Extreme weather events triggering unprecedented food inflation -Richard Mahapatra
-Down to Earth Unfavourable, unreliable weather hurt agriculture, in turn pushing food prices our of reach across the world At 14.23 per cent, India’s wholesale inflation rate in November 2021 was the highest in three decades. It did reduce marginally to 13.56 per cent the next month, according to government data released January 14, 2022. But even that is bad news for the Centre ahead of Assembly elections in five states, including...
More »Should the government loosen its purse strings? -Prashanth Perumal
-The Hindu As inflation is driven by supply-side factors, tax policy can be used to cushion its impact With the Union Budget 10 days away, many economic observers are now focused on what support the Centre can offer the economy, which is still struggling to recover from the pandemic. Some analysts believe that the government must keep its spending in check to prevent price rise from getting out of control. Retail inflation...
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