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WPI inflation spikes to 3.18% in March on costlier food, fuel

-PTI The Wholesale Price Index (WPI) based inflation was at 2.93% in February. It was 2.74% in March 2018. Wholesale price-based inflation rose for the second consecutive month to 3.18% in March on costlier food and fuel, government data released on Monday showed. The Wholesale Price Index (WPI) based inflation was at 2.93% in February. It was 2.74% in March 2018. Inflation in food articles hardened with steep rise in prices of vegetables during...

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Food inflation falls to lowest level since 1991 -Surojit Gupta

-The Times of India Average food prices in 2018-19 were almost the same as they were in 2017-18—a phenomenon not seen for at least 27 years. An analysis by credit rating agency Crisil shows food inflation measured by the consumer price index rose only 0.1% in 2018-19. The last time annual food inflation had fallen below 1% was in 1999-2000. Economists attribute low food prices to a string of factors including bumper...

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Farmers in western TN demand social security -T Ramakrishnan

-The Hindu Unable to sustain their primary occupation, many are said to have begun migrating to cities to work as daily-wage labourers COIMBATORE: KM Ramagoundar, president of the Tamizhaga Vivasayigal Sangam and a farmer based out of Karugur, about 25 km from Krishnagiri, is a frustrated man these days. “Even the so-called big farmers, who own five or six acres, have started going to Bengaluru, where they are working as daily-wage labourers. This...

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Swaraj is the kisan's birthright and he should have it -Harish Damodaran

-The Indian Express Agrarian crisis is an opportunity, for the government that assumes office after elections, to enact a law giving farmers the right to sell any quantity of their produce to anybody, anywhere and at any time. The German obsession with sound currency has been conditioned by the collective memory of the Great Hyperinflation of 1922-23, just as American intolerance to double-digit unemployment and stock market crashes is traceable to...

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Growth in Agri GVA deflator shows a declining trend in comparison to growth in other sectoral GVA deflators

Recent studies and media reports have confirmed that Indian farmers are facing non-remunerative and sometimes falling prices. A past news alert by the Inclusive Media for Change team indicated deflation in wholesale prices of 8 kharif crops (viz. maize, arhar, moong, urad, groundnut, soybean, sunflower seed and Niger seed) on average between 2016-17 and 2018-19. Based on data analysis, that news alert also demonstrated how the rural areas have witnessed...

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