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Wholesale Price Inflation Eases To 8.39% In October, Lowest Since March 2021

-NDTV.com Wholesale price-based inflation (WPI) eased in October to 8.39 per cent year-on-year, the lowest since March 2021. Wholesale price-based inflation eased in October to 8.39 per cent year-on-year, compared to 10.70 per cent in September, helped by a fall in commodity prices, government data showed on Monday. Declining for the fifth consecutive month, that Wholesale Price Index (WPI) reading is the lowest since March 2021 and below a double-digit rise for the...

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Fodder inflation could really shrink milk output -Amaresh Chandra, Purushottam Sharma and Bishwa Bhaskar Choudhary

-The Hindu Business Line The fodder crop deserves a central place in the agri-ecosystem and needs institutional support, such as crop insurance The recent increase in fodder costs have played a major role in rising milk prices, hitting dairy farmers hard. Fodder inflation has seen a sharp hike in the last four months, despite the softening of overall WPI inflation in the recent months. The overall WPI inflation has eased to 10.70 per...

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Govt lifts stock restrictions on edible oil for wholesale traders

-Hindustan Times The exemption on stock limits will also apply to big-chain suppliers and super markets, the government added, in a move aimed at easing tight controls over stocking of edible oils due to high prices New Delhi: The Union government said in a notification issued Tuesday that it has lifted restrictions on stocks of edible oil wholesalers can store owing to an increase in global supplies and stable domestic prices. The exemption...

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Will intervene in market if wheat price increased abnormally: Centre

-The Hindu FCI has adequate stocks of wheat and rice, says Food Secretary Amid reports of increase in the wheat price during the festive season, the Centre said on Monday that it would intervene in the market if the price increased abnormally. Talking to reporters, Union Secretary of Food and Public Distribution Sudhanshu Pandey said sufficient stocks of wheat and rice were available in the Central pool to meet the requirement of...

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Food items keep WPI up at 12.4 per cent

-The Telegraph There has been a pick-up in the prices of vegetables, fruits, eggs, meat and fish and cereals mostly because of erratic rains Wholesale price index-based (WPI) inflation eased to a 11-month low of 12.41 per cent in August on softening in the prices of manufactured and fuel products even as food items remained expensive. Although WPI inflation declined for three consecutive months in August, it remained in double digits for...

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