Page 7 of food inflation

India’s food price surge forces government measures to improve supplies

Food subsidies are estimated to cost the government 1.97 trillion Indian rupees($23.83 billion) in 2023/24 and an expansion of the…

August 25, 2023 12:31 IST

food prices, inflation, price hike, RBI, interest rate, rate hike, consumer price index, tomato imports, supply shortages, policy tightening, monsoon, rural demand

RBI MPC bats for close price monitoring, minutes show

The Reserve Bank of India’s six-member monetary policy committee paused for the third straight review and asked banks to set…

August 25, 2023 07:01 IST

Soaring onion prices in India pose greater risk to PM Modi government than tomatoes

Stable food prices are crucial for Modi, who will seek a third five-year term in national elections next year. Retail…

August 22, 2023 14:35 IST

UK inflation, consumers, CPI, home rental, food prices, food inflation, borrowing costs, fuel prices, transport costs, UK house price, sugar, transport insurance prices

What’s raising UK inflation? Sugar, rent and insurance all surge

Consumer Prices Index slid to 6.8% last month from a four decade peak of 11.1% late last year. Fuel prices…

August 17, 2023 06:50 IST

retail inflation, CPI inflation, inflation, food prices, vegetable prices, RBI, RBI MPC, repo rate, interest rate, kharif crop, monsoon

Retail inflation at 15-month high in July to affect RBI’s rate cut decision, may be pushed to next fiscal, say economists

“The RBI will closely monitor these evolving trends to decide on its future policy course. However, the expectation of a…

August 16, 2023 09:30 IST

IMF, export, non-basmati rice, food security, rice prices, food prices, monsoon, export restrictions, El Nino, vegetable inflation, subsidised rates

IMF raises red flag on India’s ban on export of non-basmati rice, experts say country’s food security concerns primary

While the IMF has raised concerns about the move exacerbating volatility in food prices, experts say the picture on food…

July 27, 2023 16:24 IST

Russia, US, Ukraine, Black Sea, Paris, Agritel, TQ Samsun, Istanbul, Black Sea, Danube River, European Union, German Foreign Minister Annalena Baerbock, Brussels, Chicago, Corn, Soybeans, wheat

Wheat Soars After US Warns of Explosives at Ukrainian Sea Ports

Earlier this week Russia ended the Black Sea grain deal, which had helped to keep trade flowing for a time…

July 20, 2023 17:02 IST

CPI inflation, RBI MPC, interest rate, kharif sowing, crude oil prices, Middle East conflict, liquidity measures, headline inflation, supply disruptions, fintech sector

Retail inflation surges at 4.81% on rising food prices, monsoon outturn, say economists

Climate change in India is changing the weather patterns which is impacting the inflation rate directly. The country has been…

July 14, 2023 08:41 IST

rice exports, exports, export ban, global prices, inflation, El Nino, global supply, rice trade, sugar exports, consumer price inflation

India considers banning most rice exports as local prices surge

The government is discussing a plan to ban exports of all non-Basmati rice, according to people familiar with the matter.…

July 13, 2023 12:35 IST

retail inflation, food inflation, RBI, favourable base, vegetable prices, economy

India’s retail inflation rises to 4.81% in June 2023 on food inflation

India’s retail inflation for the month of June 2023 increased to 4.81 per cent for the first time in five…

July 12, 2023 17:47 IST

Surging food prices seen pushing up India’s inflation in June

After moderating for four months, consumer price inflation probably accelerated to 4.6% in June, according to a Bloomberg survey of…

July 12, 2023 07:57 IST

monsoon, rainfall, kharif crop, contingency plan, scheme, drought preparedness, subsidy

Heat waves abate in India amid rains bringing relief to millions, food price hike concerns remain

A recent improvement in rains will not only provide relief to millions of people from searing temperatures, but also help…

June 23, 2023 15:33 IST

El Nino, economy, inflation, monsoon, IMD, food inflation, consumption, deficient rainfall, kharif crop, rabi crop, rural demand, import, export, lending rates, RBI, farmer income, rural household

Economists flag food inflation risk as El Nino possibility rises, say India needs a ready contingency plan

Economists and experts said that a possible El Nino situation may lead to food inflation while also affecting the rural…

June 16, 2023 16:05 IST

poverty, inflation, economy, consumption measure, poverty deprivation, poverty reduction, consumption expenditure, multidimensional poverty, MPI, income

May WPI inflation hits 7 year low of (-)3.48%: Economists expect similar impact on retail inflation, monsoon key monitorable

“Drop in wholesale prices by 3.48 per cent for May 2023 is a pointer towards decline in the retail inflation…

June 15, 2023 13:00 IST

El Nino, monsoon, kharif crop, rural economy, manufactured products, food inflation, demand, consumption, import, export, high prices, interest rates, RBI, CPI inflation

El Nino possibility rises: Is India ready with a contingency plan in case of below normal monsoon

Economists highlighted that this might have an impact on Kharif output, and thereby on rural economy which in turn might…

May 18, 2023 08:37 IST

WPI inflation, inflation, food prices, edible oil, wholesale price, RBI

April retail inflation on 18-month low to support RBI’s rate pause stance, say economists

In line with analysts’ expectations, this was for the second month in a row that Consumer Price Index (CPI) based…

May 13, 2023 13:15 IST

dairy industry, milk production, demand, revenue growth, profitability, raw milk supply, price hike, milk prices, CRISIL

Milk may become a hurdle in Modi’s Inflation fight in India as prices soar

India’s headline inflation for March fell below the central bank’s target of 6% as high interest rates cooled overall demand,…

April 13, 2023 13:47 IST

Food inflation falls sharper than headline rate in March

Consumer food price inflation at 4.79% in March, down from 5.95% in Feb

April 13, 2023 00:15 IST

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