Page 10 - Food Inflation

Are the markets ignoring the possibility of higher inflation?

Globally, too, sticky inflation seems to be a cause for concern. Last week, two Federal Reserve (US Fed) officials suggested that the US central bank may need to keep interest rates elevated ahead

Government affirms its number, says no 'overestimation' in retail inflation

A number of economists had pointed out that January's retail inflation data may have been overestimated by 23 basis points owing to a variation in the price index for cereals

January retail inflation rises to 6.52%, highest since October 2022

In December, the CPI-based inflation was 5.72% with core inflation at 6.10%

Retail inflation likely rebounded from 12 months low to 5.9% in January

Core inflation, which excludes volatile food and fuel prices, was still running at 6.10% in December, which makes it difficult for the RBI to look away and to keep the tightening cycle going

World Food Programme secures $71mn to address food crisis in Africa

'Targeting 11 countries, the contribution allows WFP to provide life-saving assistance at a time when humanitarian needs continue to soar'

Rising prices of non-perishables may not allow food inflation to cool soon

Inflation being driven by cereals, spices, milk, prepared meals and snacks

GM Mustard won't solve India's edible oil import problem, says Ashok Gulati

Gulati says he is in support of GM mustard, but to say that it will solve India's problem of edible oil imports is a stretch

Global food prices in 2022 hit record high amid drought, Russia-Ukraine war

Global prices for food commodities like grain and vegetable oils were the highest on record last year even after falling for nine months in a row, the U.N. Food and Agriculture Organization said, as Russia's war in Ukraine, drought and other factors drove up inflation and worsened hunger worldwide. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, dipped by 1.9% in December from a month earlier, the Rome-based organisation said Friday. For the whole year, it averaged 143.7 points, more than 14% above the 2021 average, which also saw large increases. The December decline was led by a drop in the price of vegetable oils amid shrinking import demand, expectations of increased soy oil production in South America and lower crude oil prices. Grain and meat were also down, while dairy and sugar rose slightly. Calmer food commodity prices are welcome after two very volatile years, FAO chief economist Maximo Torero said in

Retail inflation for industrial workers eases to 5.41% in November

Retail inflation for industrial workers eased to 5.41 per cent in November compared to 6.08 per cent in October this year mainly due lower prices of certain food items. "Year-on-year inflation for the month stood at 5.41 per cent compared to 6.08 per cent for the previous month (October 2022) and 4.84 per cent during the corresponding month (November 2021) a year before," a Labour Bureau statement said. Food inflation stood at 4.30 per cent in November 2022 against 6.52 per cent of the previous month (October 2022) and 3.40 per cent during the corresponding month (November 2021) a year ago. The All-India CPI-IW (Consumer Price Index-Industrial Workers for November, 2022 remained stationary at 132.5 points compared to October 2022. The maximum upward pressure in current index came from Miscellaneous group contributing 0.21 percentage points to the total change. At item level, wheat, wheat atta, buffalo milk, cow milk, dairy milk, eggs hen, sunflower oil, onion, chillies dry, cooked

Rice, wheat inflation continue to rise contrary to overall inflation

The retail inflation rate in wheat rose to 19.67 per cent in November from 17.64 per cent in October

Will rising fertiliser prices hamper India's inflation battle?

Retail inflation in India has finally come under the comfort zone of the RBI. But the relief may be short-lived, as high global fertilizer prices can affect India's food inflation in the long run

WPI inflation eases to 21-month low as pricing pressure softens in November

Fruits and vegetables, protein-rich items such as eggs, meat and fish drag down prices; Core inflation eases for seventh consecutive month to 3.5%

Controlling high food inflation: The world is on a wing and a prayer

An IMF paper sheds light on the issue of persistently high global food inflation, and the prognosis is not comforting

Multiple factors doubled retail inflation rate in wheat, rice since April

The spike in the prices of these two cereals was diametrically opposite to the cooling of the overall inflation rate and of food inflation, both of which hit a three-month low

Food prices at 9-month low as slow staples demand offset war disruptions

The continued decline offers some relief to households grappling with a cost-of-living crunch. The index is down for seventh month, its longest slump in 9 years, and food inflation has begun to slow

Energy prices to fall 11% in 2023 as economies slow down: World Bank study

Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report

Statsguru: Six charts show the rise in MSP for rabi marketing season

The government's decisions on MSP are often said to be driven also with an eye on food inflation

Unseasonal rain, crop losses could keep India's food inflation high

Economists say annual headline inflation will likely start easing from September's 7.41% peak but price pressures on grains, vegetable, and milk will persist

UK inflation returns to 40-year high of 10.1% as food prices rise

British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation's poorest residents. Food prices jumped 14.6 per cent in the year through September, led by the soaring cost of staples such as meat, bread, milk and eggs, the Office for National Statistics said on Wednesday. That pushed consumer price inflation back to 10.1 per cent, the highest since early 1982 and equal to the level last reached in July. The figures immediately fuelled demands that the government do more to help families and retirees as it struggles to regain credibility after an ill-fated package of tax cuts roiled financial markets. Treasury chief Jeremy Hunt ditched the package after he took office last week, but he has warned that this will be a difficult winter and spending reductions also will be needed. Glenn Sanderson, head teacher at St. Aidan's Catholic ..

Kharif arrivals likely to dampen food prices, but downside limited

CPI-inflation for the month of September surged to a five-month high of 7.4 per cent largely due to a spike in food inflation which jumped to a 22-month high of 8.6 per cent for the same period