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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135 Million Indians Exited “Multidimensional" Poverty as per Government Figures. Is that the same as Poverty Reduction?
The Niti Aayog recently released its National Multidimensional Poverty Index 2023, according to which the poverty headcount ratio declined from 24.85 percent in 2015-16 to 14.96 percent in 2019-21. In absolute numbers this translates to 135 million people exiting multidimensional poverty in this time period. In addition, a few days earlier, the United Nations Development Programme (UNDP) released its own Multidimensional Poverty Index, which in a press note said that,...
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 »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...
More »Wholesale Price Inflation in negative territory, hits three year low of -3.48% - PTI/Deccan Herald
Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation rate has been in the negative territory for the second straight month. In April it was (-) 0.92 per cent. In May, 2022 WPI inflation was at 16.63 per cent. The May, 2023 data print of (-) 3.48 per cent...
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