-The Times of India Mumbai/DELHI: Has the government's statistical office erred with data collection relating to food prices, either by chance or design, for calculating the two inflation indices, Consumer Price Index (CPI) and Wholesale Price Index (WPI) for August? Else how can someone explain the fact that while food prices as shown in WPI for August exhibit a higher rate of inflation now than a year ago, food inflation as measured...
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Inflation at 6-month high on onions
-The Times of India NEW DELHI: The rate of inflation accelerated to a six-month high in August on the back of spiralling onion prices, posing yet another challenge for RBI ahead of the monetary policy review as it struggles to tame volatility in the foreign exchange market. Data released on Monday showed the Wholesale Price Index (WPI) rose an annual 6.1% in August, higher than previous month's 5.79%. The inflation rate...
More »Vidarbha, West MP get highest rain-Sanjeeb Mukherjee
-The Business Standard As the southwest monsoon enters the last leg of its four-month journey, 2013 will be remembered as one of the best years in overall quantum and distribution of rainfall across India. More than expected rain so far have pushed up kharif sowing in a big way, which will not only add its bit to gross domestic product (GDP) growth but blunt inflationary pressures. If the intensity is maintained, India...
More »Onion prices: another case of the great Indian paradox-Pramit Bhattacharya
-Live Mint The absence of genuine competition at mandis and numerous transaction charges are distorting onion prices The joke doing the rounds today is that the spike in onion prices has been a great equalizer, bringing parity between the price of a bottle of beer and a kilo of onion. The humble vegetable has also found pride of place as a gift item to customers at a tyre shop in Jamshedpur,...
More »Firm rupee, good crop could peg WPI at 5-6% by year-end: Montek
-PTI Pinning hopes on rupee stabilisation and the impact of a good monsoon in the coming days, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said he expected inflation to hover around 5 and 6 per cent by the year-end. "With currency appearing to stabilise, I don't expect this (effect on inflation) to continue. I think if we can get moderation on the food front once the impact of a good monsoon...
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