After the onion onslaught, milk misery. Amul has decided to raise milk prices by Re 1 to Rs 2 a litre, setting the stage for similar hikes by other producers across the country. Dairy products such as butter, ghee and cheese are likely to become dearer, too. The Gujarat Co-operative Milk Marketing Federation, which sells products under the Amul brand, said the higher prices would be effective from December 30 in Gujarat...
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Milk next: Amul ups prices by 2
After vegetables, now milk will also pinch consumers, as Gujarat Cooperative Milk Marketing Federation, which markets dairy products under the brand Amul, on Tuesday announced a pan-India hike in milk prices by up to Rs 2 a litre. "We have increased prices of our various brands by Re 1 to Rs 1, which will come in to effect from December 30 in Gujarat and Delhi and by January 3 in other...
More »The political price of onions
The spectre of rising onion prices is haunting Indian politics again. As prices trebled over a period of three weeks, touching Rs.90 a kg in some parts of the country, the liliaceous plant, whose bulb is the mainstay of many Indian staple recipes, became a topic of debate and discussion not only for ordinary consumers, but for economists and policymakers as well. India is the world's second largest producer of...
More »RBI's policy dilemma
This week’s good news on food price inflation was evened out by the bad news on fuel prices hike. But, both were along expected lines. Thanks to the so-called “base effect” — the fact that last year this time food prices were rising sharply and since last year’s prices become the denominator in this year’s price ratio, the rate of inflation would be expected to moderate — and to an...
More »Inflation declines sharply on easing food prices
Continuing with its trend towards moderation, inflation declined to 7.48 per cent in November, mainly boosted by lowering of pressure on certain food items.Inflation had stood at 8.58 per cent in October. It was 4.50 per cent in November 2009. For September this year, the inflation figure has been revised upwards to 8.93 per cent from the provisional number of 8.62 per cent.This is the fourth consecutive month when the...
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