-IANS In November, Karnataka markets received 60-70 quintals of onion a day, which fell by 50 per cent in December, leading to the crisis. Bengaluru: Price of onion shot up to a whopping Rs 200 per kg in Bengaluru due to severe short supply in the market, an official said here on Saturday. "Onion price touched Rs 200 per kg in some Retail shops of Bengaluru, after its wholesale rate ranged between...
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IIP shrinks again, inflation accelerates
-The Hindu Food inflation is at a 40-month high Industrial activity contracted for the third consecutive month in October by 3.8%, driven by a fall in activity across sectors, according to official data released on Thursday. Separate data showed that Retail inflation had surged to a 40-month high of 5.54% in November, driven by rising food inflation. The Index of Industrial Production (IIP) had contracted by 4.3% in September and 1.1% in...
More »Simply Put: What is driving onion prices -Parthasarathi Biswas
-The Indian Express Government has called for import of 1 lakh tonnes of onion to help control rising prices. What has been causing the increase in prices since May, and how far can the new move be expected to reverse the trend? Pune: LAST WEEK, Ram Vilas Paswan, Union Minister for Food and Civil Supplies, directed the state-owned trading corporation MMTC to import 1 lakh tonnes of onions to help ease...
More »Never the twain shall meet: Why gap between WPI and CPI based inflation widening -Asit Ranjan Mishra
-Livemint.com Why is Retail inflation then touching new heights? It is mainly because CPI and WPI are two different sets of indicators with varied compositions While the Retail inflation as measured by the Consumer Price Index (CPI) touched a 16 month high at 4.62% in October, the wholesale price inflation measured by the Wholesale Price Index (WPI) is at the verge of entering the negative territory. The gap between the two is...
More »More tears in store? Onion prices may hit new high amid low supply
-The Hindu Business Line Retail prices of onion, which had softened a bit last month, have rebounded over the past few days on continued supply disruption, touching the Rs.100 per kg mark in pockets of consuming centres such as New Delhi and Chennai. The bulb could bring more tears to consumers in the days ahead, trade sources said, as the prices are likely to hit new highs with the crop sown in...
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