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Is Food Inflation in India Driven by Demand or Supply? -Deepanshu Mohan, and others

-TheWire.in While domestic food price inflation is high globally, consumer food price inflation in India has increased from 0.68% to 8.38% between September 2021 and April 2022. Inflation has continued to peak at an all-time high in all economies around the world, with food and energy prices skyrocketing to unprecedented levels. Even industrially developed nations like the US, Canada, and the Eurozone, which experienced decades-long of stable price levels have struggles to...

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Joblessness below pre-COVID levels: Finance Ministry

-The Hindu Q1 surge in private consumption not just a function of pent-up demand but also rising employment levels, it says Demand for work under the national rural employment guarantee scheme hit a two-year low in August, signalling that the recovering economy is creating more jobs in rural as well as urban India, the Union Finance Ministry said on Saturday.    India’s inflation, the Ministry said, is “in control” and expected to moderate...

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Surprising findings on India’s food habits -Kankana Trivedi

-VillageSquare.in A new study by the Development Intelligence Unit (DIU) sheds light on rural India’s eating habits, debunking several myths, like richer people eat a more diverse diet than the poor. In a sure sign of development, India has shifted from worrying about food security to worrying about nutrition security – ensuring its people get a richer, more varied diet. Simply put, a more diverse diet means more nutrition, more nutrition means healthier...

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Hard realities -Renu Kohli

-The Telegraph The economy remains vulnerable to headwinds The shortfall in economic growth in the April-June quarter against rosier predictions of most, including the central bank, came as a surprise.Few anticipated the gap between expected and actual performance would be as much (2.5-3 percentage points). It has prompted a tide of downward revisions for the whole year; these follow a previous round, two months ago, due to inflation, higher interest rates, and...

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Retail inflation inches up to 7% in August led by food price rise

-The Hindu The RBI has estimated a 7.1% inflation rate for the July to September quarter India’s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial production growth in July had dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month-on-month.   This is the eighth successive month that retail inflation...

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