Page 5 - Food Inflation

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

World food prices surge for third consecutive month in May, says UN

The FAO index hit a three-year low in February as food prices continued to ease off from a record peak set in March 2022, following Russia's invasion of fellow crop export major Ukraine

World Food Safety Day 2024: Prepare for the unexpected

Ensuring food safety is a public health priority and an essential step towards achieving food security

Costlier vegetables made your thali more expensive by 9% in May: CRISIL

A vegetarian thali has roti, onion, tomato, potato, rice, dal, curd, and salad. A non-vegetarian thali has the same foods but chicken (broiler) replaces dal

Improved prospects

Post-harvest losses must be minimised

Food inflation likely to remain cause for concern due to heatwave: ICRA

The wholesale food inflation, which is at a four-month high, will continue to be a cause for concern in May and June as heatwave is likely to jack up prices of perishable commodities, ICRA Chief Economist Aditi Nayar said on Tuesday. Although the impact of high base of last year will play out in July and August, the impact of monsoon will determine the price conditions in the subsequent months. As per data released on Tuesday, the wholesale price index (WPI)-based food inflation was at a four-month high of 7.74 per cent in April. Retail food inflation also remained stubbornly high at 8.70 per cent in April 2024, as against 3.84 per cent in April 2023. Nayar said weather is an important factor in determining the food inflation trajectory. Monsoon was not very favourable last year and this year there are heatwaves in parts of the country, she said. "With the onset of summer, prices of perishable items are charting upwards. For the next two months, we expect the food inflation to cli

A veg thali cost 8% more in April this year than a year ago: CRISIL

Non-veg thali becomes cheaper; pricier onion, tomato and potato push up price of veg thali