Higher global food prices are part of a wider trend of cost-of-living increases already at work in both advanced and emerging economies.
According to data by Bizom, mid-single-digits to double-digit price rises are being seen in all essential foods because of the increase in input, logistics, and packaging costs
Goods producers have passed on more input cost increases than services producers
Asian markets had suffered their worst day in over a month overnight on fears that Beijing was about to go back into a Covid-19 lockdown
Jigar Shah, CEO, MIB Securities India, tells Puneet Wadhwa that retail money inflows into markets would decline with the start of the interest-rate expansion.
'Employment generation is both a near-term and long-term priority', said Nageswaran
As per the government data released on Monday, WPI inflation has remained in double digits for the 12th consecutive month beginning April 2021
He said that even the fact that India is able to buy some cheap oil from Russia at the moment, the big picture is still that they are being hurt by the high commodity prices in the market
TMC MPs on Thursday held a protest in front of the Gandhi statue in Parliament complex against rising prices of essential commodities and fuel.
West Bengal CM Banerjee flayed the BJP-led central government for "skyrocketing" prices of commodities, and urged it to call an all-party meeting to find solutions to ongoing economic problems.
Most analysts expect the markets to remain choppy in FY23 amid multiple headwinds. The ongoing geopolitical crisis, they feel, will keep commodity prices elevated and market gains in check
The domestic market being in a cyclical bull run, the more prudent thing would be to buy on dips, said MD Kacholia
Inflationary concerns over elevated commodity prices are expected to maintain pressure on the Indian rupee during the upcoming week
This is owing to elevated oil and commodity prices
The dollar index fell 0.112%, with the euro up 0.18% to $1.1016
Exports need policy support
Rising crude oil prices, depreciating rupee and burgeoning raw material costs have put companies across sectors in a tight spot. Take a peek into this inflation conundrum and the effect on consumers
Impact on passenger car makers due to chip crisis and raw material shortage, and on two-wheeler, tractor and CV makers due to demand swings has trickle-down effect on autoparts makers
The second of the five-part series looks at automakers' concern over any further price hike that may dent demand in segments like two-wheelers
The Indian rupee is expected to remain under pressure exerted by high commodity prices.