-ThePrint.in Lower rainfall in some parts of the country is expected to keep food prices elevated in the coming months. Which means inflation will be above 6%. India’s retail inflation surged to 7 per cent in August from a five-month low of 6.7 per cent in July. Food, which accounts for nearly half of the Consumer Price Index (CPI) basket, grew 7.62 percent as against 6.69 per cent in July. While the...
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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...
More »The global threat to our food security -Himanshu
-Livemint.com We must raise procurement to prepare for a possible rise in inflation as global food supplies shrink Recent data on inflation suggests a softening of the trend of rising inflation in retail prices. Much of the inflation this year has been driven by rising food prices, particularly edible oil and more recently cereals, primarily wheat. This has followed the global trend in food prices, which softened last month, even though they...
More »Cereal inflation likely to offset disinflationary forces, say experts -Sanjeeb Mukherjee
-Business Standard There is a possibility of a 10-15-million tonne drop in kharif rice production due to drought in several major growing states in eastern India Wheat prices in some markets have touched Rs 2,522 a quintal and cereal inflation is expected to remain sticky in the months ahead due to low wheat stocks in central granaries. Nomura India in a report said lower rice output will put pressure on domestic rice...
More »Staple spikes: Has an abnormal Kharif 2022 caused rice prices to rise -Raju Sajwan
-Down to Earth The United States Department of Agriculture has said rice production in India may decline by 0.9% in 2022-23 due to uneven rains Rice prices are spiking across India, even in areas where it is the staple. This development comes even as the country has experienced an abnormal Kharif season, with uneven distribution of rainfall. The cereal that forms the staple diet of over half of India’s population has become prohibitively...
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