Page 4 - Food Inflation

Kharif sowing over in Rajasthan, all eyes on sky as rain may queer pitch

70% of guar comes from Rajasthan, rain may hit the crop

Food inflation can't be ignored, need to remain vigilant: RBI Governor Das

Economic Survey had suggested exploring whether inflation targeting framework of the central bank should exclude food

RBI MPC maintains FY25 inflation forecast, food prices remain a challenge

With food inflation contributing over 75 per cent to headline inflation in May and June and making up 46 per cent of the CPI basket, vegetable prices accounted for 35 per cent of June's inflation

Explained: RBI focus on food inflation, what MPC policy means for markets?

Why stock market, Sensex, Nifty fell after RBI policy: RBI governor Shaktikanta Das emphasised on food inflation and said food prices have remained elevated for too long

Inflation targeting without food is no solution

While the interests of famers need to be protected, it would further complicate monetary and macroeconomic management

Retail inflation for industrial workers eases to 3.67% in June: Govt

Retail inflation for industrial workers slipped to 3.67 per cent in June from 3.86 per cent in the previous month this year mainly due to lower prices of certain food items. "Year-on-year inflation for the month of June 2024 moderated to 3.67 per cent as compared to 5.57 per cent in June 2023," a Labour Ministry statement said. The All-India Consumer Price Index for Industrial Workers CPI-IW for June 2024 was at 141.4 points against 139.9 points in May 2024. Food and Beverages Group under the CPI-IW was at 148.7 points in June 2024 against 145.2 points in May this year. The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country.

World food prices ease slightly in July, says UN; meat, sugar costs up

Prior to July, FAO food price index had risen for four consecutive months after hitting a 3-year low in February as prices receded from a record peak set in March 2022 after Russia invaded Ukraine

Reserve Bank of India must retain focus on food inflation, say economists

The prescription for inflation-minus-food found mention in the government's pre-budget Economic Survey published last week

Excluding food from RBI's inflation framework may not have many takers

Headline numbers best communicated to common man; Govt needs to step up supply management

Govt prepares for Rs 10,000 crore war chest to fight food inflation

Within the whole inflation basket, food inflation has been stubbornly high

Exclude food prices from inflation-targeting framework, suggests Eco Survey

Hardships caused to poor and low-income consumers can be handled through DBT, it says

One-third of food inflation came from vegetables in 2023-24: Eco Survey

It became the second biggest contributor after cereals during the year, shows data from the Economic Survey

Food inflation, commodity prices remain a challenge: Nestle India

Company declares interim dividend of Rs 2.75 per equity share, final dividend of Rs 8.5 per equity share

Consumers suffer as retail prices of vegetables remain steadily high

Retail prices for vegetables, eggs, and poultry meat remain high in Kolkata markets, causing suffering for the common man. Tomato prices have soared to Rs 80-100 per kg from Rs 45-50 a month ago, while Brinjal is selling for Rs 110-140 per kg, a jump of nearly 150 per cent from early June, greengrocers in several markets in the city said. Prices of several other vegetables such as bitter gourd, green chilli and bottle gourd have also increased by an average of 50 per cent. Egg and poultry meat prices have risen by 20-30 per cent in local markets. "Now tomatoes in Bengal are coming from other states. There is a short supply of tomatoes from Bangalore and Himachal Pradesh due to heat waves and heavy rain. The production was hit due to heat waves and disruptions in logistics due to heavy rain," a source in West Bengal Vendors Association told PTI. Agriculture Minister Sobhandeb Chattopadhyay said that people are facing price pain since the Centre reduced support for farmers in ...

Costlier veggies make vegetarian thali dearer by 10% in June: CRISIL

The overall hike in vegetarian thali prices was attributed to a 30 per cent increase in prices of tomato, 59 per cent in potato and 46 per cent in onion

Kharif sowing makes a strong start on hopes of good rains this season

Good harvest will help tame food inflation

Pak Parliament passes tax-laden budget ahead of talks on fresh IMF loan

Pakistan is in talks with the IMF for a loan of $6 billion to $8 billion

Retail inflation steadily easing, food prices still a concern: RBI bulletin

Retail inflation is gradually easing, but volatile and elevated food prices are interrupting the path of disinflation, the RBI Bulletin said on Wednesday. An article on the "State of the Economy", published in the June 2024 Bulletin, said global growth was resilient in the first quarter of 2024, and many central banks have pivoted towards a less restrictive monetary policy stance in response to the fall in inflation in their economies. In India, high-frequency indicators suggest the real GDP growth in Q1 FY2024-25 is broadly maintaining the pace it achieved in the preceding quarter. Also, the prospects for agriculture are brightening with the early landfall of the southwest monsoon, said the article authored by a team led by Reserve Bank deputy governor Michael Debabrata Patra. "Headline inflation is gradually easing, driven by sustained softening of its core component, although the path of disinflation is interrupted by volatile and elevated food prices," the authors said. The RB

China's consumer inflation holds steady in May, factory deflation eases

Weak consumption in China has kept a lid on consumer prices since 2023 despite many rounds of support measures as confidence remains low in the face of a protracted property sector crisis

Immediate challenge for Modi 3.0: Tackling vegetable prices amid heatwave

With the intensifying heat wave in the upcoming weeks, the possibility of prices decreasing is not very likely, although there might be a slight moderation