TAG: food inflation
Why the Economic Survey’s suggestion to target non-food inflation is misguided
The Economic Survey, released on July 22nd, is an engaging read. It provides many novel data Tables and Boxes. The Chief Economic Adviser Dr V Anantha Nageswaran should be complimented for this Survey. Indeed, a long review of some of its themes is warran...
2 months ago
Thali prices rise in July; tomato prices contribute to higher cost
The cost of a home cooked thali remained high in July, as tomato prices remained elevated, data released by Crisil showed on August 6.The cost of vegetarian thali was up 11 percent in July, while a non-vegetarian thali cost 6 percent compared with the pre...
2 months ago
FM distances from Economic Survey’s idea of excluding food from inflation targeting
Finance minister Nirmala Sitharaman on August 10 distanced the government from the Economic Survey’s idea of excluding food from inflation targeting.“The survey is free to pitch ideas,” the finance minister said reacting on queries regarding the use of co...
2 months ago
Rice stocks with government are at record levels; it’s time to allow exports
So far, the monsoon gods have been kind. The deficiency of rains in some parts of India in June has been wiped out by good rains in July and August. Most of India has received good rains in the first ten days of August.If good rainfall continues in the re...
2 months ago
Retail inflation eases to 3.5% in July, lowest level in nearly five years
India’s inflation declined to a near five-year low of 3.5 percent in July compared with 5.1 percent in the previous quarter, according to data released on July 12.The decline was aided by a favourable base as consumer inflation had touched 7.4 percent in...
2 months ago
This inflation is all lemons and mangoes: Prices of only 60 items drop even as CPI declines to 59-month low
Consumer inflation declined to a 59-month low of 3.5 percent in July, compared with 5.1 percent in the previous month. However, only very few items saw lower prices in July.Vegetable and food prices were up. The only categories in the vegatable basket wit...
2 months ago
Wholesale inflation eases to 2% in July
India’s wholesale inflation declined to 2.04 percent in July from a 16-month high of 3.4 percent in the previous month, according to data released by the government on August 14.Wholesale prices were in deflation for a better part of the previous year, wi...
2 months ago
Food costs are falling, as farmers help slay the inflation dragon
The headlines suggest catastrophe for the global food supply: Biblical heatwaves, floods, storms and wildfires. And yet, in the world’s breadbaskets, the weather has been fair this growing season — so good that we’re facing an oversupply of key agricultur...
2 months ago
Reservoir levels to help keep food inflation in check: FinMin's July economic review report
The improvement in reservoir levels in the country, owing to health progress of monsoon is likely to help curb food inflation in coming months, the finance ministry said in its July economic review on August 22.The report noted that improving reservoir le...
1 month ago
India’s inflation dipped to a 60-month low in August, industrial production grew in July: MC poll
India’s inflation has declined to a 60-month low of 3.50 per cent in August, as compared to 3.54 per cent in the previous month, according to a Moneycontrol (MC) poll of 10 economists.The forecasts in the poll ranged from a low of 3.2-4 per cent. The econ...
1 month ago
Food inflation moderating. Focus should now be on services inflation and a strong dollar’s knock on effects
For the second successive month, retail inflation has stayed below the 4 per cent mark. Importantly, for 12 months now from September last year, retail inflation measured by the consumer price index (CPI) has remained firmly below the 6 per cent threshold...
1 month ago
Lower inflation, manufacturing pick-up split opinions on rate cuts
Deciding on the rate trajectory will not be easy when the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meets in October, especially with inflation settling lower than anticipated and growth showing signs of a pickup, according to experts....
1 month ago
Poll-bound Haryana’s inflation higher, J&K, Maharashtra’s lower than national average
States heading into elections in the coming months are seeing a divergent inflation trend a Moneycontrol analysis has found.In August, Haryana's inflation rate was at 4.1 percent, higher than the national average of 3.7 percent, government data released o...
1 month ago