TAG: food prices
Above-normal monsoon rains likely to ease food prices, says finance ministry
The government expects an easing of the food prices with the India Meteorological Department (IMD) predicting above-normal rainfall this year, which will lead to higher production, the finance ministry has said in a report.“Further easing of food prices i...
5 months ago
Households expect non-food and food inflation to rise in tandem, see faster rise
India’s inflation dipped to a 59-month low of 3.5 percent in July compared to 5.1 percent in the previous month. While falling inflation should have provided some succour to households, in a survey conducted to measure inflation expectations between July...
1 month ago
Tariff hikes by telcos likely to fuel FY25 inflation by 10-15 bps
With telecom companies calling an end to the three-year war over cutting down tariffs, there has been a 10-27 percent hike across the three major service providers since July. This paves the way for a 10-15-basis-point rise in inflation from earlier estim...
1 month ago
Inflation outlook positive, says finmin in July economic review
India’s inflation outlook remains positive with core inflation at moderate levels and given the positive progress in monsoon, the finance ministry said in its monthly economic review for July that was released on August 22.“Assuming a normal monsoon, CPI...
1 month ago
From food to mobile charges: Here’s what drove consumer prices in August
Consumer inflation accelerated faster than expected to 3.7 percent in August from 3.6 percent in the previous month as food inflation quickened to 5.66 percent. However, inflation remained below 4 percent, the midpoint of RBI's 2-6 percent inflation targe...
1 month ago