-Live Mint The absence of genuine competition at mandis and numerous transaction charges are distorting onion prices The joke doing the rounds today is that the spike in onion prices has been a great equalizer, bringing parity between the price of a bottle of beer and a kilo of onion. The humble vegetable has also found pride of place as a gift item to customers at a tyre shop in Jamshedpur,...
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July inflation accelerates to 5.79%: Government
-PTI NEW DELHI: Rising prices of onions and other vegetables pushed inflation to a five-month high of 5.79 per cent in July even as the government and RBI battled to stabilise the rupee. Inflation based on the Wholesale Price Index (WPI) was at 4.86 per cent in June. In July 2012, it was 7.52 per cent. The July number is above the Reserve Bank's comfort level of 4-5 per cent inflation. This is...
More »Wholesale price inflation likely edged up to 5 per cent in July
-Reuters BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed. Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level. That was up slightly up from June's 4.89...
More »Will rising prices hit poll result? UPA govt panics -Rajeev Deshpande
-The Times of India NEW DELHI: Rising apprehension that food inflation may finally begin to bite in electoral terms has seen the Manmohan Singh government press the panic button as retail prices of cereals, vegetables and pulses soar in comparison to last year. Persistent high inflation, particularly in food, is gnawing the government ahead of assembly polls in four major states later this year and the 2014 Lok Sabha election, a concern...
More »Vegetable prices rise 50 per cent owing to bad weather -Madhvi Sally
-The Economic Times NEW DELHI: Vegetable prices have risen up to 50% in Delhi, Mumbai and other parts of the country as farms near the Yamuna river in northern India are flooded, while dry weather in many parts of western India have hit output. The deluge in parts of northern India has also wiped out muskmelon and watermelon apart from hurting the mango crop. Traders said it would take two to four...
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