-The Hindu September food inflation quickens sharply to 8.41%, the steepest level in 22 months; economists warn that the negative surprise could spur more rate increases from the Reserve Bank of India India’s retail inflation accelerated to 7.41% in September from 7% in August, with Food Price Inflation surging sharply from 7.62% in August to 8.6% in September, the National Statistical Office (NSO) said on Wednesday. At 7.41%, September’s retail inflation level is...
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Fodder price rise: Cattle numbers in western UP fall due to runaway inflation -Sunil Kashyap
-CaravanMagazine.in Not far from Delhi, within the northern capital region, lies a significant part of western Uttar Pradesh. At one time, nearly all rural households in this region were engaged in animal husbandry. Rearing cattle is how most of the area’s women made money—while the men often worked in farms or migrated to urban areas for employment, the women stayed at home. Their day began with washing and feeding the cattle....
More »Inflation Likely Hit Five-Month High in September on Food Prices: Reuters Poll -Arsh Tushar Mogre
-TheWire.in A Reuters poll suggested inflation rose to an annual 7.3% in September from 7% in the previous month. If realised, that would be the highest since May 2022. Bengaluru: India‘s retail inflation accelerated to a five month high of 7.3% in September due to surging food prices, staying well above the Reserve Bank of India‘s (RBI) upper tolerance band for a ninth month, a Reuters poll found. Fueled by erratic rainfall and...
More »Heavy rains in India damage key crops ahead of harvest, threatening to stoke food inflation -Rajendra Jadhav
-Reuters/ThePrint.in State like UP has received 500% more rainfall than normal so far in October. Higher food prices could prompt India to slap additional restrictions on exports of food commodities. Mumbai: Heavy rainfall in India has damaged key summer-sown crops such as rice, soybean, cotton, pulses and vegetables just before harvesting, which could stoke food inflation in Asia’s third biggest economy, farmers, traders and industry officials said. Higher food prices could prompt New...
More »India’s retail inflation on steady rise on the back of high food prices, may inch up to 7.3% -Lalit Kumar
-Financial Express The numbers projected in Barclays report are the result of an uptick in prices of staples such as cereals, pulses, vegetables, spices, and dairy. As a result, the food inflation could rise to 8.5 per cent on-year in September, the report added. Buoyant food prices may drive India’s retail inflation to 7.3 per cent on-year in September – 30 basis points higher than that in August, according to a forecast...
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