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Inflation at 14-Month High, Food Prices Rise by 20%

-Outlook Costly vegetables, particularly potato and onion, pushed the November wholesale inflation to a 14-month high of 7.52 per cent, making it difficult for the Reserve Bank to ease key policy rate. Vegetable prices shot up by 95.25 per cent in November as compared to 78.38 per cent in the previous month, said the Wholesale Price Index (WPI) inflation data released today. The overall inflation in the food segment comprising wheat, pulses, vegetables,...

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Tourists go hungry as vegetable prices force Manali hoteliers shut kitchens -Suresh Sharma

-The Times of India MANALI: Tourists visiting Manali will find it tough to get food as several hotels here have shut their kitchens due to the rising prices of onion, tomato, potato, cabbage and other vegetables. Several restaurants and dhabas are not even serving onion paranthas for the breakfast now. Hotels, which used to serve their guests with food from in-house kitchens, are now requesting them to have food outside. Hoteliers say...

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Panic buying in 3 states over rumours of salt shortage -Aloke Chatterjee

-The Hindustan Times Patna: Panic-stricken people in Meghalaya today rushed to grocery stores and purchased salt at exorbitant prices following wild rumours that the commodity was in short supply. In neighbouring West Bengal, similar rumours sent people in Siliguri, Darjeeling and Jalpaiguri districts rushing to stores and buy salt at Rs100-150 a kg since Thursday night. In Bihar, where it all started, the police arrested 21 persons on charges of hoarding and...

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Salt sells at Rs 150 a kg in Bihar, government denies shortage

-IANS Believe it or not, salt was selling at an exorbitant Rs150 per kg in parts of Bihar amid rumours of an acute shortage of the essential ingredient of food. The state government rebutted the rumours on Thursday. There is no truth in reports that the state is facing shortage of common salt, Bihar's Food and Civil Supply Minister Shyam Razak told media persons in Patna. "It is purely a rumour, nothing else....

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Mamata's potato politics sends prices crashing-Namrata Acharya

-The Business Standard Open market price cools down as chief minister orders cold storages to empty stock by December 15 Kolkata: The first big task in hand at the new address is a success. Sitting in the plush office at the 14th floor of the newly-inaugurated secretariat, by default facing one of the infrastructure marvels created in the predecessor regime, the Vivekananda Setu, Chief Minister Mamata Banerjee has finally reined in the intractable...

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