-The Telegraph The central bank on Wednesday surprised observers when it retained its Retail inflation forecast at 5.3 per cent for 2021-22 Economists have questioned the RBI’s projection that inflation will glide down to 4 per cent levels by the end of the next fiscal. They said the upward pressure on prices is likely to persist at least in the near-term on higher input costs amid supply chain bottlenecks. The RBI on Wednesday surprised...

-IndiaToday.in Vegetable prices are on an upswing across the Retail markets of Kolkata after untimely rainfall in the city caused damage to the standing crops. Kolkata: Vegetable prices remained on the higher side across the Retail markets of Kolkata on Friday after untimely rainfall in the city damaged the standing crops. With the constricted supply line due to recent untimely rain, a massive demand-supply gap can also be seen in the city. According...

-Down to Earth All-year demand, the pressures of cultivating tomato off season and changing climate are making life difficult for Chittoor’s farmers Tomato prices across the country have shot through the roof recently. The government has intervened to lower the prices. But for farmers in Andhra Pradesh’s Chittoor district, one of India’s major tomato-growing areas, the government’s action show its bias for urban consumers and its neglect for rural farmers who are...

-The Hindu Business Line This is on the back of swift rise in prices of raw materials and global natural gas India is likely to witness an unprecedented jump in the Central government’s fertiliser subsidy on the back of swift rise in prices of raw materials and global natural gas. According to ratings agency Crisil, the government’s fertiliser subsidy bill is likely to be higher by ₹50,000 crore to touch the total...

-PTI/ The Hindu The Crisil argument is based on the fact that the burden of inflation varies across different income groups, as the share of spending on food, fuel, and core categories differ across classes Extrapolating the Retail inflation print for October, which inched up on-month to 4.5% from 4.3% in September, but steeply declined from 7.6% on-year, Crisil says the richest 20% of the population, who pay more on non-food or...