Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation rate has been in the negative territory for the second straight month. In April it was (-) 0.92 per cent. In May, 2022 WPI inflation was at 16.63 per cent. The May, 2023 data print of (-) 3.48 per cent...
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Why an El Nino in 2023 is Bad News for India - Deekshita Baruah
Carbon Copy The India Meteorological Department (IMD) this week delivered its first long-range forecast for this year’s monsoon. In terms of total rainfall observed over the season, the IMD expects this year’s monsoon to bring 96% of the Long Period Average (with a modelling error of +/-5%). The forecast, if it materialises, places monsoon performance within the “normal” range, albeit narrowly. Despite the normal forecast, mid-way into summer 2023, India is jittery....
More »Commodity prices have brought inflation to its lowest in months in India - Mimansa Verma
Quartz India Easing global commodity prices have begun to reflect on inflation in India, at both the wholesale and consumer levels. Wholesale price rise in April fell into negative territory for the first time since July 2020, to -0.92%, government data showed yesterday (May 15). It stood at 15.38% in the same month last year. The decline in inflation in goods sold in bulk was primarily driven by a fall in the...
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KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
More »Hunger and Malnutrition in India after a Decade of the National Food Security Act, 2013 - Neetu Sharma, Jyotsna Sripada, Shruthi Raman
National Law School of India University, Bengaluru What is the status of hunger and malnutrition in India? The year 2023 marks a decade since the enactment of the National Food Security Act (NFSA). The Act aims to provide food and nutritional security by ensuring access to quality food at affordable prices. However, despite 10 years of food security being a legal right and the availability of sufficient quantities of food grains, India...
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