Business Standard

Wholesale Food Inflation

Retail inflation to touch 14-month high in Oct as food prices surge: Poll

Core inflation, which excludes volatile items such as food and energy and is seen as a better gauge of domestic demand, was forecast to be 3.60 per cent in October, according to the median estimate

Retail inflation to touch 14-month high in Oct as food prices surge: Poll
Updated On : 11 Nov 2024 | 9:22 AM IST

Strong demand for premium products persists despite inflation pressures

Amid shifting retail dynamics driven by India's quick commerce boom, premium products are moving off shelves faster across all channels

Strong demand for premium products persists despite inflation pressures
Updated On : 31 Oct 2024 | 1:13 PM IST

Raghuram Rajan opposes excluding food inflation in setting interest rates

Amid suggestions for excluding food inflation while setting benchmark interest rates, former RBI Governor Raghuram Rajan has said that he is against excluding food prices from headline inflation, as it would erode the 'great faith' of people in the central bank, which has been mandated by the government to keep inflation in check. Rajan further said it is best that inflation target a basket which is what the consumer consumes because that affects the consumers perception of inflation and ultimately inflationary expectations. "When I came into office, we were still targeting PPI (producer price index). Now that has no bearing to what the average consumer faces. "So, when the RBI says inflation is low, look at PPI, but if the consumer is facing something very different, then they do not really believe that inflation is down," he told PTI. Rajan was responding to a question on suggestions made in the Economic Survey 2023-24 for excluding food inflation while setting benchmark interest

Raghuram Rajan opposes excluding food inflation in setting interest rates
Updated On : 02 Oct 2024 | 11:37 PM IST

Restaurant sector to turn around after tough Q1: Speciality Restaurants CMD

The restaurant industry is expected to turn around on the back of India's overall strong fundamentals after facing temporary headwinds such as high food inflation and people dining out less that hurt the sector in the first quarter, according to Speciality Restaurants Ltd CMD Anjanmoy Chatterjee. The company, which has a slew of brands such as Mainland China, Asia Kitchen by Mainland China, Episode One, Haka, and Sweet Bengal, among others and shut 29 outlets during the pandemic, is now focussing on profitable growth while expanding its footprint. "It should be clear that India not eating out or inflation not settling down is something which I don't believe in. India is better than many more countries...," Chatterjee told PTI. He was responding to a query on how long factors such as high food inflation and people dining out less after the diminishing of 'revenge eating' post pandemic that affected the restaurant industry, will continue to impact the sector. "It is a short-term ...

Restaurant sector to turn around after tough Q1: Speciality Restaurants CMD
Updated On : 01 Sep 2024 | 10:41 AM IST

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

Food inflation can't be ignored, need to remain vigilant: RBI Governor Das
Updated On : 08 Aug 2024 | 10:55 PM IST

Inflation targeting without food is no solution

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

Inflation targeting without food is no solution
Updated On : 06 Aug 2024 | 10:21 PM IST

RBI may hold repo rates amid high food prices: Business Standard poll

Most respondents expect rate cuts from Dec; change in stance unlikely

RBI may hold repo rates amid high food prices: Business Standard poll
Updated On : 04 Aug 2024 | 11:25 PM IST

Costlier veggies: Eating out to get pricier as restaurants mull price hikes

The continuous heavy rainfall in key tomato-producing states like Maharashtra and Karnataka has disrupted transportation, leading to a shortage in supply and subsequent price hikes

Costlier veggies: Eating out to get pricier as restaurants mull price hikes
Updated On : 13 Jul 2024 | 9:39 AM IST

Inflation edges higher in June due to soaring vegetable prices: Survey

The July 5-9 Reuters poll of 54 economists forecast consumer price inflation rose to 4.80% last month on a year earlier, up from 4.75% in May. Food accounts for around half the overall CPI basket

Inflation edges higher in June due to soaring vegetable prices: Survey
Updated On : 09 Jul 2024 | 7:20 PM IST

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

Costlier veggies make vegetarian thali dearer by 10% in June: CRISIL
Updated On : 05 Jul 2024 | 10:25 PM IST

Govt imposes stock holding limits on wheat to check hoarding, price rise

In a move to check wheat price rise and hoarding, the Centre on Monday imposed stock holding limits on traders, wholesalers, retailers and processors with immediate effect. The restrictions will remain in force until March 31, 2025, across all states and Union Territories. Under the new rules, retail outlets and individual stores of big chain retailers are allowed to stock up to 10 tonnes of wheat, an official statement said. Traders, wholesalers, and large depots of big chain retailers face a cap of 3,000 tonnes each. For processors, the limit is set at 70 per cent of their monthly installed capacity (MIC) multiplied by the remaining months of the 2024-25 fiscal. The government has mandated all entities to declare their stock position and regularly update it on the Department of Food and Public Distribution's portal (https://evegoils.nic.in/wsp/login). Those holding stocks exceeding the prescribed limits have been given a 30-day window to comply with the new norms. The decision

Govt imposes stock holding limits on wheat to check hoarding, price rise
Updated On : 24 Jun 2024 | 4:01 PM IST

Some progress on inflation but just one rate cut this year likely: Fed

Federal Reserve officials said on Wednesday that inflation has fallen further toward their target level in recent months but signalled that they expect to cut their benchmark interest rate just once this year. The policymakers' forecast for one rate cut was down from a previous forecast of three, likely because inflation, despite having cooled in the past two months, remains persistently elevated. In a statement issued after its two-day meeting, the Fed said the economy is growing at a solid pace, while hiring has remained strong. The officials also noted that in recent months there has been modest further progress toward its 2 per cent inflation target. That is a more positive assessment than after the Fed's previous meeting May 1, when the officials said there had been a lack of further progress" on inflation. The policymakers, as expected, kept their key rate unchanged at roughly 5.3 per cent. The benchmark rate has remained at that level since July of last year, after the Fed .

Some progress on inflation but just one rate cut this year likely: Fed
Updated On : 13 Jun 2024 | 6:44 AM IST

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

World Food Safety Day 2024: Prepare for the unexpected
Updated On : 07 Jun 2024 | 10:56 AM IST

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

Costlier vegetables made your thali more expensive by 9% in May: CRISIL
Updated On : 06 Jun 2024 | 2:16 PM IST

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

A veg thali cost 8% more in April this year than a year ago: CRISIL
Updated On : 09 May 2024 | 12:05 PM IST

Consumer price inflation likely slipped in April, food inflation sticky

V Anantha Nageswaran, the government's chief economic adviser, said on Wednesday the Indian economy was better placed than before to pursue 'non-inflationary' growth

Consumer price inflation likely slipped in April, food inflation sticky
Updated On : 09 May 2024 | 9:00 AM IST

Jerome Powell likely to keep borrowing rates higher-for-longer time

In the euro zone, data may show that the slowdown in inflation stalled in April for the first time this year

Jerome Powell likely to keep borrowing rates higher-for-longer time
Updated On : 28 Apr 2024 | 7:10 AM IST

As India develops, high food inflation will get less severe: Ashima Goyal

The problem of high food inflation will be "less severe" in India going ahead, as modern supply chains with diversified sources can help quickly address sudden spikes in prices of specific food items, RBI Monetary Policy Committee (MPC) member Ashima Goyal said on Thursday. Stressing that the share of food in the household budget is high in India, Goyal said policy needs to focus on increasing agricultural productivity, since stable agricultural prices are important for non-inflationary growth. "As India develops, this problem (high food inflation) will get less severe, for a number of reasons. Modern supply chains with diversified sources respond quickly to large spikes in specific items," she told PTI. Goyal further pointed out that one does not hear of tomato or onion prices spiking in advanced economies. "We naturally have diverse geographic regions, better integrated markets sourcing from different regions can help mitigate climate change induced food price spikes," she ...

As India develops, high food inflation will get less severe: Ashima Goyal
Updated On : 25 Apr 2024 | 11:04 AM IST

Some states saw higher inflation than national average, shows data

Some had higher inflation every month of the year

Some states saw higher inflation than national average, shows data
Updated On : 15 Apr 2024 | 11:56 PM IST

Wholesale prices rise in March by 0.53% from a year, shows govt data

WPI for potato witnessed a jump of 52.96 per cent against a deflation of 25.59 per cent, while for onion 56.99 per cent as compared to (-) 36.83 per cent in March 2023

Wholesale prices rise in March by 0.53% from a year, shows govt data
Updated On : 15 Apr 2024 | 1:06 PM IST