The cost of homecooked vegetarian thali showed a significant decline in the month August after prices for key ingredients, such as tomatoes, vegetable oil, and spices, reduced as compared to previous months this year. According to Crisil’s Roti Rice Rate index, the price of vegetarian (veg) thalis dropped by 8 per cent year-on-year (Y-o-Y), while … Read more
A vendor weighs tomatoes for a customer at a vegetable market in Ahmedabad on July 25, 2023. | Photo Credit: Reuters India’s retail inflation may have spiked close to or over the 6% upper tolerance threshold of the Reserve Bank of India (RBI) in July, owing to a broad-based uptick in food prices, and could … Read more
India’s annual retail inflation for March eased below the central bank‘s upper tolerance level for the first time this year, as food prices softened. Annual retail inflation eased to 5.66% in March from 6.44% in the previous month, government data showed on Wednesday. The Reserve Bank of India targets a range of 2%-6%. A Reuters … Read more
India consumer price inflation likely cooled to a nine-month low of 6.40% in November mainly due to a moderation in food prices, according to a Reuters poll of economists. Inflation has stayed above the upper end of the Reserve Bank of India‘s 2%-6% tolerance band all year and this has triggered 225 basis points of … Read more
The price of everything that goes into producing crops is surging, threatening to further fan global food inflation. Food production costs were already high. The pandemic snarled supply chains, making it more difficult — and expensive — to get parts and supplies that are vital for growing crops. Then Russia’s invasion of Ukraine took things … Read more
Wholesale inflation eased after six months in June to 12.07% from a record 12.94% a month ago as food and fuel inflation declined, official data released Wednesday showed. WPI inflation was -1.81% in June 2020 and the last time it eased was in December. Food inflation decelerated to 3.09% from 4.31% in May while fuel … Read more
NEW DELHI: India’s retail inflation may stay elevated for at least three more months after hitting a six-year high in October, as excess rain has damaged standing crops and seedlings, while edible oils that the country imports have become expensive. The high prices are a particular cause of concern for India’s hundreds of millions of … Read more
Retail inflation remained above the 7% mark for the second consecutive month in October heightening worries about a further delay in monetary easing by the RBI. The CPI inflation for October came in at 7.61 per cent as food prices continued to remain sticky on account of supply-side distortions. The combined food inflation shot past … Read more
KOLKATA: This Diwali, go easy on samosas and aloo tikkis – not just for your carbs monitor, but also for your pocket. The humble potato, the staple vegetable in Indian kitchens, is rather pricey now, and its prices might not cool until fresh crop from Uttar Pradesh reaches the veg stalls from next month. Until … Read more
BENGALURU- Retail inflation in India likely rose further above the central bank’s medium-term target last month as food prices climbed due to lingering supply disruptions, a Reuters poll found, reducing the chances of another interest rate cut. Persistent high prices have hurt the recession-stricken economy, which contracted a record 23.9% in April-June despite the Reserve … Read more