-Bloomberg World food prices will drop this year as increase in unemployment in developing and developed countries slows growth in demand, the United Nations said. “We have started to see a decline in food prices,” Jose Graziano da Silva, director general of the UN’s Food and Agriculture Organisation, said at a conference in Hanoi on Thursday. World economic expansion will slow to 3.3% this year from 3.8% in 2011, according to the International...
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Inflation rises to 6.95%in February
-PTI Inflation rose to 6.95 per cent in February because of sharp increase in food prices, especially vegetables and protein-based items. Inflation, as measured by the Wholesale Price Index (WPI), was 6.55 per cent in January. In February, 2011, it was 9.54 per cent. According to the official data released on Wednesday, food inflation was 6.07 per cent in February against (-) 0.52 per cent in January. Pulses turned expensive by 7.91 per cent and...
More »'Increase in production to help in controlling prices'
-The Indian Express Increasing farm production and removing market imperfections would help in controlling prices of commodities, a report has said. The report on 'State of Indian Agriculture 2011-12', tabled in the Lok Sabha, said that the principal factors behind the higher levels of inflation in the recent period are constraints in production and distribution especially in high value items such as pulses, fruits and vegetables, egg and meat. Increase in prices can...
More »World food prices rise in February: United Nations' FAO index
-Reuters Global food prices rose in February from the previous month, driven by gains in grains, vegetable oils and sugar, the United Nations' FAO index showed on Thursday, adding inflationary pressure. The index, which measures monthly price changes for a food basket of cereals, oilseeds, dairy, meat and sugar, averaged 215.3 points in February, up from a revised 212.8 points in January, data from the Food and Agriculture Organisation (FAO) showed. The FAO...
More »Dr Abhijit Sen, Member-Planning Commission of India, interviewed by Ajay Vir Jakhar and Paranjoy Guha Thakurta
Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...
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