-PTI/ Business Standard The All India average retail price of wheat has risen by over 22 per cent to Rs 31.04 per kg as of August 22 compared to Rs 25.41 per kg in the year-ago period, Consumer Affairs Ministry's data showed After wheat, rice prices are firming up on reports of supply concerns with the all India average retail price of the grain ruling higher by 6.31 per cent at Rs...
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Has inflation peaked? -Lokeshwarri SK
-The Hindu Business Line Inflation has been moderating off late but RBI is unlikely to let its guard down * Has inflation peaked in India? It’s too early to conclude that inflation has peaked in India. While CPI inflation has been drifting lower since the April 2022 peak of 7.79 per cent, the decline is very gradual. The July reading of 6.71 per cent is also well above the upper limit of RBI’s...
More »Why are Madhya Pradesh farmers throwing away their garlic crops? -Rakesh Kumar Malviya
-Down to Earth The production of the allium has doubled in the last decade; Chinese, Iranian garlic with larger cloves in greater demand, say farmers There have been several calls to allow garlic export after several video clips on social media showed farmers from Madhya Pradesh throwing out or burning their crops, allegedly over low prices of the allium. One clip making rounds showed the crop being dumped into a river, while another...
More »Odisha floods lead to rise in prices of vegetables, supply chain disruptions -Devesh Kumar
-Livemint.com * Odisha have been reeling under flood, leading to crop damage and supply chain disruption * Vegetables prices have shot up in the markets of Bhubaneswar as several districts of Odisha Recurrent floods in several districts of Odisha have led to crop damage and supply chain disruptions which further hiked the prices of vegetables in the state. Tomatoes are sold at ₹25 per kg in downtown Bhubaneswar, a jump of around five rupees...
More »CPI inflation for farm, rural workers up in July
-The Hindu Business Line CPI-AL increases to 6.60 per cent, CPI-RL up to 6.82 in July Retail inflation for farm workers and rural workers rose further in July, driven by an increase in food prices. The All-India Consumer Price Index based inflation for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI- RL) increased to 6.60 per cent and 6.82 per cent in July, 2022 respectively. CPI- AL was at 6.43 per cent in June this...
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