FOOD INFLATION
RBI maintains fiscal year inflation forecast at 4.5%, cites food prices and geopolitical tensions
The Reserve Bank of India today left its inflation forecast for this fiscal year unchanged at 4.5%, even amid caution on food price trajectory that may hurt core inflation and intensifying geopolitical tensions, which pose a threat to any comfort on cru...
RBI leaves inflation projection for FY25 unchanged at 4.5%; for fiscal 2024 stands at 5.4%
The Reserve Bank of India today left its inflation forecast for this fiscal year unchanged at 4.5%, even though the scorching summer threatens to intensify the battle to keep a lid on rising food prices. However, the central bank may draw some comfort from cru...
India¡¯s retail inflation rises to 4.81% in June on higher food prices; May factory output up 5.2%
India¡¯s retail inflation surged to 4.81 per cent in June after hitting a 25-month low of 4.25 per cent in May on an annual basis, showed data released by the ministry of statistics on Wednesday. India's industrial production rose to 5.2 per cent in May ...
RBI MPC minutes: Inflation remains elevated and clouded by volatile food prices, Guv Shaktikanta Das
Even as the Reserve Bank of India's rate-setting panel voted to keep the rates unchanged in its December meeting, Governor Shaktikanta Das held reservations about inflation, which has receded from highs, but remains volatile. "The overall inflation o...
December WPI inflation lowest in 22 months at 4.95%
The wholesale price-based inflation declined to 4.95 per cent in December 2022, mainly due to fall in prices of food articles and crude petroleum. The Wholesale Price Index (WPI)-based inflation was 5.85 per cent in November 2022 and 14.27 per cent in December 2021.December WPI inflation lowest in ...
Government considers reallocating up to Rs 1 lakh crore to tackle rising food and fuel costs
Indian officials are considering reallocating up to Rs 1 lakh crore ($12 billion) from various ministries' budgets to manage food and fuel costs without impacting the federal deficit target. Prime Minister Narendra Modi will decide soon on a plan which may i...
India might cut 40% import tax on wheat to boost supply
India's Food Secretary Sanjeev Chopra on Friday said that the nation is considering to cut or abolish import tax on wheat. He said that the government is committed to control inflation in India. The official further stated that no proposal has been received from Russia to import wheat. India mi
Retail inflation in August accelerates to 7%; IIP slows to 2.4% in July
India's retail inflation surged to 7 per cent annually in August from 6.71 per cent in July 2022. The number has remained above RBI's tolerance band of 2-6 per cent for the eighth consecutive month. The headline inflation grew by 0.52 per cent from 0.46 per cent in July.Retail i
Modi govt expects inflation to ease further on back of easing commodity prices
The Govt is expecting inflation to ease further on the back of easing commodity prices as well as a promising monsoon forecast.Modi govt expects inflation to ease further on back of easing commodity prices
Inflation debate: Nobody is in denial about price rise, says FM Nirmala Sitharaman in Rajya Sabha
Finance Minister Nirmala Sitharaman on Tuesday said the government had adopted a targeted approach, based on ground-level inputs, to tackle retail inflation, which is ruling at around 7 per cent. Indian economy, compared to the situation prevailing in p
Retail inflation rises to 6.95 pc in March, highest in 17 months; food inflation at 7.68 pc
India's retail inflation surged to a 17-month high of 6.95 per cent in March from 6.07 per cent in the previous month due to a sharp increase in food prices, the National Statistical Office (NSO) data showed on Tuesday.Retail inflation rises to 6.95 pc in Mar
Retail inflation eases marginally to 7.01% in June, from 7.04% in May
Retail inflation dropped marginally to 7.01 per cent in June mainly due to slight easing in food prices, though it still remained above the Reserve Bank's comfort level. The consumer price index (CPI) based inflation stood at 7.04 per cent in May and 6.26 per cent in June 2021.Ret
UN food chief warns of ¡®hell on earth¡¯ over food shortage crisis
The war in Ukraine, the on-going pandemic, rise in inflation and climate change have led to over 300 million people living on the brink of starvation said the Executive Director of the United Nations World Food Program David Beasley. As fertilizer becomes more difficult to manufacture
Budget 2023: Can India become a global major in agriculture exports?
Agriculture as a sector has been the biggest point of debate and attention for political parties. Will Budget 2023 enable India to become a global player in agricultural exports. Siraj Hussain, former secretary, Ministry of Agriculture, GoI, charts out the budget expectations of th
Retail inflation in May spikes to 6.3% due to higher food, fuel prices
India¡¯s retail inflation surged to 6.30 per cent on account of higher food and energy prices in the month of May, over and above the Reserve Bank of India¡¯s (RBI) threshold of 6 per cent. Inflation, which is measured by the Consumer Price Index (CPI), for the month of April was r
Pakistan occupied Kashmir: Protests against inflation, food shortage intensify across PoK, Gilgit Baltistan
Weeks-long anger against food shortage and runaway inflation has snowballed into massive anti-government demonstrations in Pakistan occupied Kashmir and illegally held Gilgit Baltistan. People from all walks of life in nearly all parts of the
Inflation, not a 'red-lettered priority' for FM Nirmala Sitharaman: Chidambaram
On Tuesday, former Finance Minister P. Chidambaram slammed the BJP-led Government over the rising prices of essential commodities, saying that Finance Minister Nirmala Sitharaman should wake up from her slumber as the food inflation has surged to 7.62 per cent. On Twitte
Retail inflation cools to 3-month low of 4.29% in April
Retail inflation slipped to a three-month low of 4.29 per cent in April, mainly on account of easing of prices of kitchen items like vegetables and cereals, official data showed on Wednesday. The Consumer Price Index (CPI) based retail inflation stood at 5.52 per cent in March. Food price infla
Retail inflation eases to 6.93% in November on softening food prices
Softening prices of food items like cereals, fruits and milk pulled down retail inflation to 6.93 per cent in November, though it remained above the comfort level of the Reserve Bank of India. Retail inflation based on the Consumer Price Index (CPI) stood at 7.61 per cent in Octobe
India allows duty-free imports of crude soyabean and sunflower oil to tame inflation
India has allowed duty-free imports of 2 million tonnes each of crude soyoil and crude sunflower oil for the current and the next fiscal year to March 2024, a government order said on Tuesday, as part of efforts to keep a lid on local prices. Trade and government of
August CPI inflation softens marginally to 6.69% on lower food prices
Retail inflation softened slightly to 6.69 per cent in August as price rise in some food items eased, though wholesale inflation inched up to a five-month high of 0.16 per cent on costlier manufactured goods, official data showed on Monday. The consumer price index (CPI) based ret
India is prepared to help the world with more supplies of wheat to tame food inflation, says EAM Jaishankar
Speaking at the seventh edition of the Raisina Dialogue, India's flagship multilateral foreign policy and geo-economics conference, Foreign Minister S Jaishankar on Tuesday said that India is prepared to take a much bigger role in global affai
US inflation hits fresh 40-year high of 7.9% on rising fuel and food costs
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come. The increase reported Thursday by the Labor Department reflected the 12 months end
CPI jumps to 5.5% in November, October IIP at -3.8%
India's retail inflation (CPI) jumped to 5.5 per cent for November while India's industrial production (IIP) data for October 2019 stands at (-)3.8 per cent as announced today, December 12, 2019. Retail inflation spiked to a 16-month high of 4.62 per cent in October from 3.99 per cent in the month
CPI inflation marginally eases to 3.15% in July
India's retail inflation eased marginally to 3.15 % in July from 3.18% in June on the back of high food prices. The number, however, remained below RBI's 4% for the 12th straight month, despite recent interest rate cuts. Delayed monsoon had pushed the number to an 8-month high of 3.18 per cent in June.
WPI inflation falls to 0.33% in September as against 1.08% in August
Wholesale prices based inflation eased to 0.33 per cent in September, as against 1.08 per cent in August due to fall in prices of non-food articles, government data showed on Monday. The annual rate of inflation, based on monthly wholesale price index (WPI), was at 5.22 per cent in
IIP growth rises to 4.3% in July; August retail inflation at 3.21%
Industrial production growth slipped to 4.3 per cent in July, mainly on account of poor show by the manufacturing sector, according to official data released on Thursday. Factory output, as measured in terms of Index of Industrial Production (IIP), had expanded 6.5 per cent in July 2
Retail inflation hits eight-month high, rises to 3.18% in June
Retail inflation has risen to 3.18% in June from 3.05% in May on higher food prices, hitting an eight-month high, the government said on Friday, but stayed below the central bank's medium-term target of 4% for an eleventh straight month. Annual retail inflation in June was 3.18%, up from
Retail inflation cools further to 2.05% in January on easing food prices
The consumer price inflation (CPI) for the month of January further declined to 2.05 per cent on the back of continued deflation in food items and fall in fuel inflation. Industrial production jumped to 2.4 per cent in December, 2018 from 0.5 per cent in November, 2018 driven m
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