-MoneyControl.com The CPI-based inflation in September 2021 was at 4.35 percent and in October 2020 it was 7.61 percent. India’s retail inflation rate, which is measured by the Consumer Price Index (CPI), rose to 4.48 percent in the month of October 2021, data released by the Ministry of Statistics and Programme Implementation (MoSPI) revealed on November 12. There was a marginal increase in retail inflation in October due to an uptick in food...

-The Hindu Rising fuel prices remain a festering pressure point for households The urban poor have been the worst-hit by the high inflation that has prevailed over the past one-and-a-half years, and the persistent uptick in fuel prices continues to pose a major threat for them, rating agency Crisil said in a note on Friday. While inflation shrinks purchasing power across the board, the impact on different income classes varies with their share...

One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...

-Hindustan Times Edible-oil prices continue to be dearer due to high global prices, prompting the Union government last week to tighten measures Vegetable prices, especially of tomato and onion, have risen in urban centres, including the national capital, on the back of higher fuel prices and damage to summer crops due to heavy rains, wholesale and retail trade data showed on Sunday.  Edible-oil prices continue to be dearer due to high global prices,...

-Hindustan Times India relies on import of raw materials for crop nutrients as well as finished products and compensates fertiliser companies who sell them at below-inflation rates. The Union government has revamped parts of its subsidy regime for fertilisers and crop nutrients to continue providing them at below-market rates, while rolling over special discounts announced for the summer-sown season to the oncoming winter-sown months, according to an official statement on Thursday. International prices...