-The Economic Times A decline in paddy production in eastern states and Andhra Pradesh has triggered speculation of a lower rice output this year, stoking a 10-30% spike in prices at a time when high vegetable prices have pushed inflation to a seven-month high. Floods and incessant rains in major rice producing states such as West Bengal, Odisha, Bihar and Andhra Pradesh during the harvesting period have affected the paddy crop. Talking to...
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What's cooking in inflation numbers?-Soumya Kanti Ghosh
-The Business Standard Changing aspirations and strong rural demand could explain why core inflation may not decline fast enough Recently, the Reserve Bank of India governor exuded confidence that the Indian economy will do fairly better in the current fiscal. While it is difficult to envisage a significant turnaround, we believe interpreting the recent inflation uptick may be the key to such optimism. We also think that inflation (both wholesale and retail)...
More »After minor dip, onion prices on the rise again -Dipak Kumar Dash
-The Times of India NEW DELHI: Sixty is the new normal for onion prices in most cities after belying government expectation that prices would moderate in the first half of October. The end of Navratra, Eid-ul-Adha on Wednesday and insistent rain in many parts of the country has pushed prices to Rs 70 a kg in many cities, including Delhi. Retail price of onion has remained Rs 60 per kg in north Indian...
More »Food inflation: How to decode the onion price puzzle-Usha Tuteja
-The Economic Times It is ironical that food inflation surged to around 18% in August when agriculture is the primary hope in the economy. The culprit was mainly vegetables and, within that, onions. Onions are once again in the news due to steep rise in retail prices by almost 25% in a fortnight. Safal outlets in Delhi have set the price at Rs 60 per kg whereas some other retailers are charging...
More »Food sector reform: Tackling the runaway food inflation train
-The Economic Times Nothing can be more ironic than to have food inflation at 18% (August 2013 over last August) in a country that takes pride in enacting the National Food Security Act (NFSA) and bestowing "the right to food" to 67% of its population by promising 5 kg cereals per capita per month (pcpm) at highly subsidised rates. Given that cereals consumption is 10.7 kg pcpm, people will have to face...
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