-The Business Standard Amid the ongoing debate in Parliament on inflation and the government’s inability to tame it, food inflation, which had seen a dip in the past two weeks, increased to 8.04 per cent for the week ended July 23. In the previous week, food inflation had fallen to a 29-month low at 7.33 per cent. All major items in the food basket recorded a rise in prices, from vegetables...
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Record output of foodgrains estimated; may dampen prices by Ruchira Singh
The government’s latest estimates show that foodgrain production in the crop year 2010-11 rose sharply by 10.75% to a record 241.56 million tonnes (mt), a move that could potentially have a dampening effect on inflationary expectations. The impressive increase led by wheat, maize and pulses is revealed in the final estimates for 2010-11, and is partially explained by the fact that 2009-10 was a drought year. The crop year extends from July...
More »Challenging the poverty dimension of inflation by Madan Sabnavis
A perverse, yet novel reason put forward to explain high inflation is that the poor are eating more as they are becoming less poor. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been extolled for being responsible for higher consumption, which in a way is a vindication of high inflation. The extended logic used here is that if the poor are eating more and we are paying high...
More »Rural India spending more on FMCG and services: NSSO
-The Economic Times Rural Indian households are spending more on consumer goods like durables, beverages and services than five years ago, shows the latest expenditure data that debunks the notion that rapid growth in recent years did not benefit the hinterlands. The household consumer expenditure survey for 2009-10, released by the National Sample Survey Office ( NSSO )) on Friday, shows rising real spending in rural areas, even though it...
More »Food inflation eases to 7.78%
-The Times of India Food inflation eased to a six-week low on the back of improved supplies of vegetables and pulses in mid-June but fuel inflation inched up sustaining the price pressures on the economy. Data released by the commerce ministry showed that food inflation slowed to 7.78% in the week to June 18, declining from the previous week's 9.13%. Food inflation has been volatile in the past few months...
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