The government anticipates onion prices to decline below Rs 40 per kilogram by January from the current average price of Rs 57.02 per kilogram, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. Last week, the government banned onion exports till March of next year after the retail sales price of the kitchen staple crossed […]
The rise in prices of onions and tomatoes pushed up the cost of vegetarian and non-vegetarian thalis by 10 per cent and 5 per cent respectively in November over the last month, according to a report by CRISIL. This is a rise of 9 per cent in the cost of the vegetarian thali in November […]
India’s consumer price index (CPI) – retail inflation may increase from the RBI’s tolerance limit of 6 per cent in November from 4.87 per cent in October, according to Barclays’ estimates. “We estimate that CPI inflation rose in November to 6.15 per cent year-on-year (YoY), a sharp reversal from the moderating trajectory over the past […]
Despite a decline in retail inflation to a four-month low of 4.87 per cent in October, India’s food inflation continues to exceed New Delhi’s “comfort” level, as indicated by a government official on Wednesday. The country’s retail inflation is approaching the central bank’s target of 4 per cent, a prerequisite for initiating rate reductions, the […]
The Food and Agriculture Organization of the United Nations (FAO) raised its forecast for global cereal production in 2023 to 2 819 million tonnes, now 0.9 percent higher than the previous year. The higher forecast is almost entirely based on recent and more positive yield estimates for the Russian Federation and Ukraine compared to earlier […]
In September, a decline in tomato prices contributed to a significant reduction in the cost of both vegetarian and non-vegetarian thalis, offering relief to consumers grappling with soaring prices. The cost of a vegetarian thali decreased by 17 per cent month-on-month (MoM) in September. The primary driver of this reduction was the substantial drop in […]
As expected, the monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo for the fourth straight occasion. The repo rate is the rate of interest at which the RBI lends to other banks. At […]
Finance Secretary T V Somanathan said that the retail inflation in India is expected to ease by December, attributing it to more favorable seasonal factors, the news agency Reuters reported. Despite staying above the upper limit of the central bank’s 2-6 per cent tolerance band for the second consecutive month in August, retail inflation has […]
Rising oil prices are a concern for the Indian economy but its outlook remains bright after better September monsoons and a retreat in the prices of some key food items, the government said in its monthly economic report on Friday. The comment comes as oil prices rose to 10-month highs earlier this week before easing, […]
India’s wholesale price index (INWPI=ECI) fell 0.52 per cent in August from a year earlier, according to government data released on Thursday. Economists polled by Reuters had estimated the wholesale price index for August would fall 0.6 per cent. It fell 1.36 per cent in July. In August, fuel and power prices fell 6.03 per […]
