Food Price

$30 potatoes, $300 flour: Food prices reach extraordinary heights in Gaza

The mayhem and the limited amount of aid entering the enclave in the first place has led many Palestinians to give up trying to get humanitarian aid, even though starvation is mounting

How extreme weather from climate change is spiking your grocery bills

Climate change brings with it higher temperatures and extreme rains, which can lower yields and make the crops that are harvested more expensive

India's wholesale inflation drops sharply to 0.85% in April on fuel prices

April 2025 WPI-based inflation: Oil prices fell by 3.95%, electricity prices dropped by 1.38%, while coal prices rose slightly by 0.22%

Rural, urban food spending rises amid inflation pressure, shows HCE report

Conversely, among non-food items, rural households reduced spending on medical care, education, rent, fuel, and durable goods

Govt starts Phase-II of subsidised wheat flour, rice sale under 'Bharat'

The government on Tuesday launched phase-II retail sales of wheat flour and rice under the Bharat brand at subsidised rates to provide relief to consumers from high prices. Wheat flour (atta) will be sold at Rs 30 per kg and rice at Rs 34 per kg in 5kg and 10kg packets through cooperatives NCCF, Nafed and Kendriya Bhandar and e-commerce platforms. "This is a temporary intervention to provide relief to consumers," Food Minister Pralhad Joshi said after flagging off the mobile vans of these cooperatives. The government has allocated 3.69 lakh tonne of wheat and 2.91 lakh tonne of rice from the Food Corporation of India (FCI) for the phase-2 retail intervention under the Price Stabilisation Fund. "This intervention will continue till the allocated stock gets exhausted. If more (is) required, we have enough stock and will allocate again," Joshi said. Under the new pricing structure, wheat flour will be available in 5kg and 10kg packs at Rs 30 per kg, while rice will be sold at Rs 34 p

Licious buys 'My Chicken and More' to gain physical foothold in Bengaluru

'My Chicken and More' generates annual revenues of close to ~110 crore, processing 1.8 million orders a year and its acquisition adds 23 stores to Licious' offline network

Volatile price and polls likely behind rejig of duties, export cap

The Central government in a slew of measures late last week eased some of the export curbs on key commodities

Spike in food prices pushes WPI inflation to 16-month high in June

The inflation in food prices stood at 10.87 per cent during the month, the data released by the Ministry of Commerce and Industry on Monday showed

Inflation targeting framework is the focus: RBI governor Shaktikanta Das

The RBI projects CPI will be 4.5 per cent for the whole year, and growth will be 7%

Govt plans to procure 5 lakh tonnes of onions this year for buffer stock

The government is planning to procure 5 lakh tonnes of onions this year for its buffer stock that can be used to intervene in the market in case of a price rise, according to sources. The food and consumer affairs ministry had created 5 lakh tonnes of buffer stock last year, of which 1 lakh tonne is still available, they added. Agencies like NCCF and NAFED will procure onion on behalf of the government. Sources said that the government's decision to sell onions at a subsidised rate from its buffer stock has helped in controlling prices. The government will take a decision on lifting the ban on onion exports later this month. The ban is till March 31. The government's plan to create buffer stock comes amid an estimated fall in onion output in 2023-24. "Production of onion in 2023-24 is expected to be around 254.73 lakh tonnes compared to around 302.08 lakh tonnes last year due to a decrease of 34.31 lakh tonnes in Maharashtra, 9.95 lakh tonnes in Karnataka, 3.54 lakh tonnes in And

High fruit prices may likely increase food inflation further in 2023

The late arrival of monsoon and heavy monsoon rains have impacted crops, which led to higher prices

Food shoppers more likely to choose lower price over health: Study

When faced with a choice -- lower prices or healthier foods -- people are more likely to choose lower prices, according to a new study of food consumer shopping behaviours

Global food costs at two-year low in May but grocery bills stay high

A United Nations' index of food-commodity prices fell 2.6% in May, as declines in grains, vegetable oil and dairy offset higher sugar and meat costs

Sugar rush: Ex-mill prices up nearly Rs 150-200 per quintal in a month

Concerns about low output behind the uptick; retail prices may remain flat

Inflation seen easing in March to 5.80% on softening food price rises

Forecasts ranged from 5.40% to 6.40%, with a quarter of survey respondents predicting inflation above 6.00%. It was 6.52% in January and spent most of last year above 6.00%

Why falling prices of onions and potatoes are distressing farmers

Prices of these three commodities have seen perhaps the wildest fluctuations in agriculture commodities among all crops for multiple reasons

FinMin opposed extension of PMGKAY a day ahead of Cabinet approval

Office memorandum flagged fiscal concerns due to impact of Ukraine war on fuel prices. With Covid-19 having largely subsided, reasons for which earlier extensions were given no more seem to hold

UK inflation hits double digits in July for the first time in 40 years

The Consumer Prices Index rose 10.1% in July in the UK from a year earlier after a 9.4% gain the month before

Inflation should be managed carefully

It's one of those rare periods where deflation is also possible. The RBI may have to adjust money supply in either direction

Bombay HC orders govt to examine prices of food items sold in multiplexes

The bench was hearing a public interest lawsuit challenging the prohibition on carrying outside food items inside the movie theatres and multiplexes across the state