A V-shaped recovery in global food prices is taking shape. Domestic food inflation is also giving it company
The FAO Food Price Index rose for the second successive month and domestic food inflation remains elevated.
Moneycontrol’s Deputy Executive Editor Ravi Krishnan tells Shraddha Sharma that inflation is getting broad-based, which is a serious cause of concern for economic growth.
A sharp increase in global food inflation makes it a new factor to watch out for in 2020
With priorities of the government changing, the agriculture sector is unlikely to see any major initiatives and reforms
The FAO price index spiked in November, a sign that it’s not just India but the world that’s seeing food prices increase
Inflation expectations of households have risen somewhat. However, given the weak domestic demand, and lower input costs, inflation in CPI excluding food and fuel is likely to remain moderate
Agri reforms so far have led to a situation of oversupply, extremely low levels of food inflation and dramatic protests by farmers who have dumped their surplus produce rather than sell them for a pittance.
The Economic Survey said that headline CPI stood at 2.9 percent in April 2019, compared to 4.6 percent in April 2018. Food inflation based on Consumer Food Price Index (CFPI) fell as low as 0.1 percent during the financial year 2018-19
Vaibhavi Khanwalkar gets in conversation with Moneycotrol's Deputy Executive Editor, Ravi Krishnan to find out the possible implications of the rate cut.
The FAO's food price index rose in January, taking it back to its September levels. Rising food prices could mean good news for the farm economy but is a problem for policymakers if inflation takes root
A CNBC-TV18 poll suggests that the November's CPI is seen between the range of 3.6-4 percent and food inflation is likely to come down to levels of 2.4-3.1 percent while vegetable deflation will continue and extend to over 7 percent against 5.7 percent in the October.
Reacting to CPI inflation data, top economists say it is much in line with expectation and they see no reason for the numbers to exceed 5 percent as had been cautioned by the Reserve Bank.
The previous low of 3.74 percent was recorded in August last year. The Consumer Price Index (CPI) based inflation was 4.39 percent in September this year, an upward revision from previous official record of 4.31 percent.
Wholesale prices of pulses, a common source of protein for most Indians, grew 21.80 percent in October compared with 23.99 percent in September.
Sharp fall in consumer price index gives the central bank an opportunity to weigh in a more than 25 bps rate cut in the next 6-9 months depending on global cues, Badrinivas NC, Country Treasurer and Head of Local Markets Treasury at Citi India told CNBC-TV18.
CNBC-TV18 poll pegs July Index of Industrial Production (IIP) at around 1.37 percent compared to 2.1 percent for the earlier month.
There should be a parity in taxes between processed and unprocessed food products, otherwise the very benefit of processed foods will not reach the consumers because of the price difference, it said.
Wholesale inflation soared to a 23-month high of 3.55 percent in July as vegetables, pulses and sugar turned costlier.
Data on wholesale prices suggests inflation in vegetables and fruits had risen in July, along with sugar uptrend. On IIP, there are estimates of broad-based growth and particularly strength in manufacturing taking the index to 7-8-month highs.
Higher minimum support price (MSP) will increase the availability of pulses and help contain food inflation, Finance Ministry said on July 7
With pulses inflation high at 34 percent, a better monsoon would reduce price pressure in lentils and in turn food inflation, a latest report has said
Measures include import of pulses from Myanmar and releasing more pulses from buffer stock in to the open market, reports CNBC-TV18's Rituparna Bhuyan.
Concerned over food inflation, Finance Minister Arun Jaitley will review the situation on June 15 and discuss steps to keep prices of essential commodities, including pulses, in check
As WPI inflation inched up to 0.79 percent in May, India Inc called for better supply-side management to rein in the higher vegetable prices, with experts anticipating a surge in food inflation going ahead