Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in Food. Similarly, an above normal southwest monsoon does not always bring down the rate of Food inflation. However, some agricultural experts (please click here, here and...
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Retail inflation softens to 6.71% in July, lowest since March; here's what economists say
-BusinessToday.in The July retail inflation level is in consonance with the projection and expectations of economists. India’s retail inflation moderated to 6.71 per cent in the month of July, the retail inflation is July has come down from 7.01 per cent in the month of June. Even Reuters poll of 48 economists showed inflation, as measured by the consumer price index, likely to fall to an annual 6.78 per cent in July,...
More »Centre, RBI bid to curb inflation
-The Telegraph Food prices, which account for nearly half of the consumer price index basket, softened last month The finance ministry and the Reserve Bank of India (RBI) are in discussions on the inflation trajectory amid the easing of global commodity and crude oil prices. A Reuters poll of economists forecast retail inflation at a five-month low in July at 6.78 per cent. But it is still above the RBI’s upper threshold...
More »Retail inflation falls to 6.71% for July, down from 7.01% in June
-The Telegraph In first three months of current fiscal, inflation remained above 7 per cent Retail inflation softened to 6.71 per cent in July due to moderation in Food prices but remained above the Reserve Bank's comfort level of 6 per cent for the seventh consecutive month. With retail inflation continuing to remain high despite a fall in prices of vegetables and edible oils, among other commodities in July, the Reserve Bank of...
More »Trouble in the Rice Bowl of Bengal -Gurvinder Singh
-GaonConnection West Bengal is India's top paddy growing state. Bardhaman region in the state, which is known as the rice bowl of Bengal, has received minus 47% deficient rainfall leading to a drastic reduction in paddy sowing. A Gaon Connection ground report as part of its Paddy Pain series. Kalyanpur (East Bardhaman), West Bengal: Dinonath Ghosh, a farmer for more than four decades believes that this must be the worst paddy farming...
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