-The Hindu Business Line But food prices rise to 33-month high of 7.37% New Delhi: Wholesale Price Index (WPI)-based inflation for April eased to 3.07 per cent, from 3.62 per cent in the same month last year. The latest WPI print was also lower than 3.18 per cent recorded in March this year. Build up inflation for the financial year so far was 0.75 per cent, lower than 0.86 per cent in the...
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Growth in Agri GVA deflator saw a rising trend between 2005-06 & 2009-10, despite using different sources of back-series data
The year-on-year (y-o-y) growth rate in Agri Gross Value Added (GVA) deflator (an alternative measure of inflation) shows a rising trend between 2005-06 and 2009-10. In other words, price rise pertaining to the agrarian sector accelerated during the period under discussion. This particular trend has been observed irrespective of whether one uses the GVA/GDP back-series data (Base 2011-12=100) that was computed by the National Institution for Transforming India Aayog (NITI Aayog)...
More »No change in MGNREGA wage rates observed between 2018-19 and 2019-20 for 4 states & 2 UTs
Non-payment of MGNREGA wages on time to workers and non-revision of daily wage rates, among other things, have kept the poor away from the programme in many states. When the notified daily wage rates under the Mahatma Gandhi National Rural Employment Guarantee (2005) Act (MGNREGA) for 2019-20 was announced on 26th March 2019, it became clear that the existing wage rates were not revised (viz. as compared to 2018-19) in...
More »WPI inflation spikes to 3.18% in March on costlier food, fuel
-PTI The Wholesale Price Index (WPI) based inflation was at 2.93% in February. It was 2.74% in March 2018. Wholesale price-based inflation rose for the second consecutive month to 3.18% in March on costlier food and fuel, government data released on Monday showed. The Wholesale Price Index (WPI) based inflation was at 2.93% in February. It was 2.74% in March 2018. Inflation in food articles hardened with steep rise in prices of vegetables during...
More »Food inflation falls to lowest level since 1991 -Surojit Gupta
-The Times of India Average food prices in 2018-19 were almost the same as they were in 2017-18—a phenomenon not seen for at least 27 years. An analysis by credit rating agency Crisil shows food inflation measured by the consumer price index rose only 0.1% in 2018-19. The last time annual food inflation had fallen below 1% was in 1999-2000. Economists attribute low food prices to a string of factors including bumper...
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