Page 7 - Food Inflation

S&P Global, Morgan Stanley peg India's GDP growth at 6.4% in 2024

Those at Goldman Sachs, on the other hand, see the Indian economy growing a tad lower at 6.3 per cent in the year ahead.

Food inflation sole threat to 4% CPI target: RBI 'State of Economy' report

The headline inflation had risen to a 15-month high of 7.44 per cent in July due to a surge in retail prices of vegetables, particularly tomatoes

Food inflation remains above comfort level, despite easing of CPI: Official

Food inflation, which accounts for nearly half of the overall consumer price basket, was 6.61% in October

Retail inflation falls again in October, hits 5-month low of 4.87%

Food inflation remained sticky as it slightly moderated to 6.61 per cent in October from 6.62 per cent in September due to the prices of items within the category cancelling each other out

22% kirana owners extremely optimistic about business this festive season

The survey, conducted among 5,000 kirana owners across the country, showed that 22 per cent of kirana owners in India are feeling "extremely optimistic" about business prospects this festive season

Tomatoes, onions and potatoes: Why veggie inflation is shooting up again

Climate shocks apart, demand-supply mismatches cause price spikes in veggies led by tomato, onion and potato

Rural recovery for FMCG cos takes a pause amid food inflation, uneven rains

The FMCG industry has witnessed a challenging September quarter amid subdued consumer demand and a decline in rural consumption due to persistent food inflation and uneven rains in some regions. The operating environment remained tough for the FMCG (Fast Moving Consumer Goods) industry as rural demand continues to be sluggish, and some green shoots, which were visible in the preceding June quarter, seem to have paused following adverse conditions. Leading FMCG makers like HUL, ITC and Nestle have expressed concerns over uneven rains, the impact of crop output and rising prices of some commodities -- such as wheat, maida, sugar, potato, coffee, etc -- in their September quarter earnings. "Consumption demand has been relatively subdued, especially in the value segment and rural markets on the back of sub-par monsoons and persistent Food inflation, which saw a sharp spike during the quarter," ITC said in an earning statement. Persistent inflation has impacted rural demand, which ...

Food prices to remain stable during festival season, says food secretary

The government has recently used all tools at its command, whether trade policy or stock limit norms. These tools have been used judiciously to ensure prices remain stable, Chopra noted

20% export duty woes: Parboiled rice exports fall over 80% in a month

Duty woes: Basmati rice exports down 30% from Aug 25 to Sep 20

Economy gaining strength, inflation to slide further in Sept: RBI report

India's retail inflation, which softened in August from the previous month's peak, is expected to trend down further in September, it said

Aug retail inflation eases to 6.83%; IIP growth for July comes at 5.7%

Rural inflation was on the higher side at 7.02 per cent, compared to urban inflation at 6.59 per cent in August

Is India overestimating inflation as it is skewed to food and beverages?

The work on appropriate weights of various items could be completed once the household consumption expenditure survey is out

India's inflation higher than peers; global prices hit a two-year low

Downward pressure on food as global prices hit a two-year low

El Nino's potential impact on rabi crops overcasts govt's fiscal arithmetic

Food inflation rose to a three and a half year high of 11.51 per cent in July this year, compared to 4.31 per cent in the previous month

Food inflation still a concern: Nestle India CMD Suresh Narayanan

Food inflation is still a cause of concern despite measures taken by the government to check overall price rise and the movement of commodity prices needs to be closely watched for a long-term impact, Nestle India Chairman & Managing Director Suresh Narayanan said on Thursday. Going by publicly available information, now it is reasonably clear that with a 30 per cent deficit in the monsoon, Kharif crops might get impacted, even if the sowing is good, said Narayanan in a media roundtable here. With this El Nino impact not fully played out, we still have to watch for the spectre of food inflation, he said. "There will be pressure in terms of food inflation. Headline inflation will get mitigated because of various steps that the government will take but food inflation is still a cause for concern," Narayanan said. However, he also added, "Immediately put, I would not say that something alarmist is happening in terms of commodity prices. But we would have to watch this space and see ..

Rural demand vulnerable due to higher food inflation, lower income: Report

The country's rural demand is vulnerable and could be further impacted by the "dual blows" of lower income and high food inflation due to an erratic monsoon, according to a domestic rating agency. The upcoming festivities may lead to a rise in consumption demand but such an increase will depend on the extent of the skewed monsoon impact, CareEdge Ratings said in a report released on Tuesday. Consumption, including rural demand, is considered an important factor influencing the overall GDP growth in the country. Some FMCG players have already flagged concerns on the rural demand front. "Rural demand remains vulnerable and can be hit by a dual blow of higher food inflation and lower income," the rating agency said. It said the risk to farm income remains high as uneven distribution of monsoon has affected the sowing of certain crops and can adversely affect yields. The cost of living is also rising due to high food inflation and expected hit to agriculture due to an erratic monsoon,

RBI must ensure there's no spillover from surging food prices: MPC members

The central bank is targeting to keep inflation between 2% and 6% but the consumer price index accelerated by 7.44% last month

Food inflation transitory as monetary policy restrictive: MPC member Varma

Varma said rural demand was an issue, and a poor monsoon was as much of a growth shock as it was an inflation shock

Elevated inflation trends may dig a deeper hole for FMCG stocks: Analysts

Investors have shunned consumer stocks with shares of HUL, ITC, Britannia, Godrej Consumer, Tata Consumer, and Nestle India dropping in the range of 1-11 per cent in a month

RBI may hike rates in case cereal inflation picks up, say analysts

According to the note, if price pressures around cereal inflation begin to pick up further, then the RBI may be forced to use rate action