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...
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Poverty and inequality
KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
More »Raj govt preparing plan to distribute food kits to poor: CM Ashok Gehlot
-PTI/ Business Standard Jaipur: Rajasthan Chief Minister Ashok Gehlot said on Wednesday said his government is preparing a plan to distribute food kits to people from the economically weaker section. "In order to provide relief to the people of Rajasthan from the impact of inflation and to reduce the cost of kitchen, the state government is conducting studies on various aspects," Gehlot told reporters in Dausa. Later, in a tweet, Gehlot said, "A...
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...
More »Inflation in basic commodities higher in rural areas than urban: Consumer Price Index -Himanshu Nitnaware
-Down to Earth Among states, West Bengal had the highest inflation at 10.29% The All India Consumer Price Index (CPI) for the month of August 2022, released by the National Statistical Office September 12, was found to be higher for rural areas than urban ones. The CPI in rural areas — 7.15 per cent — was higher compared to 6.72 per cent in urban markets. The Consumer Food Price Index (CFPI) for rural...
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