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Cooking oil prices spike in India due to Russia-Ukraine crisis -B Krishna Mohan

-TelanganaToday.com Hyderabad: Prices of cooking oil are on an upwards spiral and have gained up to Rs 25 more per litre. The trade segments attribute the increase in prices to the tightening supplies of sunflower and safflower oils, both called as sun oils, to the Russia-Ukraine war. Also, palm oil imports are getting costlier due to the internal trade restrictions of Indonesia, the biggest producer of palm oil. On the other hand,...

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Should the government loosen its purse strings? -Prashanth Perumal

-The Hindu As inflation is driven by supply-side factors, tax policy can be used to cushion its impact With the Union Budget 10 days away, many economic observers are now focused on what support the Centre can offer the economy, which is still struggling to recover from the pandemic. Some analysts believe that the government must keep its spending in check to prevent price rise from getting out of control. Retail inflation...

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Behind the policy and politics around inflation -Roshan Kishore

-Hindustan Times The Wholesale Price Index (WPI), which acts as a proxy for producer prices, grew 14.23% in November, the highest since April 2012, the earliest period for which WPI data is available under the current series. Retail inflation in India rose 4.91% in November compared with a year ago. The rise was far from unprecedented. And of the 119 months for which data is available under the latest series of Consumer...

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Sticky to the core

-The Hindu Business Line Besides global factors, structural inflation, which is sticky, might be setting in. The RBI should be ready November readings for wholesale and consumer price index, the first at a three decade high and the second at a more modest three-month high, are a cause for concern. They raise questions over whether the Monetary Policy Committee’s projections for retail inflation will hold. A 14.2 per cent spike in WPI...

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Why the decision to impose stock limits on pulses is flawed policy -Sukhpal Singh

-Down to Earth The government’s flip-flop on stockholding limits does not help pulses’ pricing issues The Union government’s decision on July 2, 2021, to impose stock limits on pulses till October 31 has once again fuelled the long-held perception that the country’s food policies are not even consistent, let alone being relevant. On June 5, 2020, the Union government issued the Essential Commodities (Amendment) (ECA) Ordinance, 2020, which was later legislated into an...

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