Centre for Economic Data and Analysis, Ashoka University Retail prices of Tur (Arhar) dal jumped from INR 110.5 per kg on average across the country at the beginning of the year to INR 135.7 per kg by July 31, 2023. Prices of this dal have risen faster than the overall food prices. Even as the sharp surge in tomato prices in recent weeks has caught everybody’s attention, another essential kitchen staple –...
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Food Inflation Increases to 11.51% in July, Highest in 3.5 Years
India's July consumer price food inflation has risen to 11.51 percent from a year ago, its highest rate in three and a half years. The last time food inflation was above this rate was in December 2019. The price of cereals, pulses, vegetables and spices helped push food inflation into double digits. The Consumer Price Index (CPI) for July is 7.44 percent, up from 4.87 percent in June. High food inflation...
More »Explainer: Why are Tomato Prices on Fire?
Tomato prices are up through the roof. Retail prices are in the range of Rs 120-150 per kilogram in most mandis across India, making the household vegetable more expensive than petrol. Prices, which at the beginning of the year were in the range of Rs. 25 a kg, have increased by an order of between 500-600 percent. What does the data show? The National Horticultural Board is a body under the...
More »Soaring tomato prices: Blame it on virus that upset Kolar's fruit cart - Anitha Pailoor
Deccan Herald The reason for the sudden rise in tomato prices across the country lies in Bengaluru’s backyard. The arrivals at the Kolar Agricultural Produce Market Committee (APMC), which is a major supplier of tomatoes to the entire country from June to September, have seen a sharp decline. The APMC has received only 3.2 lakh quintals of tomatoes this June, as against 5.45 lakh quintals in June 2022. In fact, the...
More »El Nino: How the climate pattern may prolong food inflation
Deutsche Welle/The Telegraph El Nino, a natural climate phenomenon that alters global weather patterns, has officially returned after four years, threatening to exacerbate already elevated food inflation. Growing warnings about El Nino have already helped coffee, sugar and cocoa prices to rise sharply in recent weeks, Germany's biggest private lender, Deutsche Bank, said in a research note last week. Other food commodities are expected to follow as harvests get impacted by severe...
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