Food Prices

Border closures between Pakistan and Afghanistan have halted trade, causing essential goods like tomatoes and apples to surge in price. Thousands of containers are stranded, with both nations losing around $1 million daily.

Govt favours retaining current inflation targeting framework from FY27 for another 5 years

This is because the weight of food in the CPI basket is likely to come down; therefore, the RBI may continue to target headline inflation, with a mandate of keeping the rate at 4 percent along with a tolerance band of 2 percentage points on either side. The current framework is valid until March 2026.

More-than-expected rains, falling rupee heat up prices of key food items: Report

Edible oils, rice, flours and vegetables have recorded sharp increase in the prices, the report said

Food prices and inflation expectations: Should the RBI cut rates?

RBI’s model is undergirded by two key assumptions. It accurately measures inflation expectations which, in turn, influence wage adjustments. The central bank’s measure of inflation expectations is out of sync with reality, undermining the accuracy of its approach. Keeping rates high anticipating that expectations will rise seems too harsh on growth and employment 

Inflation in nearly half of major states outgrows India's Oct CPI; price pressure steepest in Chhattisgarh

None of the 22 major states clocked rates that touched or fell below the RBI's medium-term target for consumer price index-based inflation of 4 percent

Agricultural growth likely to cross 4% in FY25, inflation to ease from November, say economists

Prospects for good rabi output to provide further impetus for FY26, say economist. India's agriculture growth declined to 1.4 percent in FY24

From food to services: Here’s what drove consumer prices in August

Pulses inflation has remained in double digits for fifteen straight months

Inflation outlook positive, says finmin in July economic review

Moderate core inflation and positive monsoon progress to keep inflation contained, the ministry said

Tariff hikes by telcos likely to fuel FY25 inflation by 10-15 bps

India’s telecom tariffs were raised 10-27 percent by three private telcos in July, after a period of three years. Experts say that telecom tariff hikes will raise FY25 inflation by 10-15 bps

Households expect non-food and food inflation to rise in tandem, see faster rise

Inflation expectations are at the highest level in over a year, and 90 percent households expect prices to rise. Over two-thirds expect them to rise faster than the current rate.

India's inflation targeting framework needs a relook, suggests Economic Survey

These comments come at a time when India’s retail inflation rose to four-month high of 5.08 percent in June compared with 4.75 percent in the previous month as food inflation galloped to 9.4 percent due to a surge in prices of vegetables.

Inflation hurt poorer states more than rich ones post pandemic

At 5.9%, average inflation in the five poorest states in the country, between January 2022 and June 2024, was higher than 5.78% logged by the five richest states in per capita terms

India’s retail inflation rises to 4-month high of 5.08% in June

Food inflation remains above 8% for eighth consecutive month

India's inflation tug-of-war: Falling headline rate versus rising food prices

As political rhetoric around Inflation increases, Moneycontrol takes stock of how inflation has fared in India over the years and versus globally.

All bets on timely, widespread rains to cool food inflation

The upcoming monsoon season is exceedingly important in terms of easing food prices given that the Reserve Bank of India (RBI) cannot do much to influence food supply management, Emkay Global's Madhavi Arora points out.

Retail inflation marginally eases to 4.83% in April, but food prices continue to rise

Food inflation rose 8.7 percent in April, compared with a 8.52 percent rise in the previous month

Above-normal monsoon rains likely to ease food prices, says finance ministry

In its monthly review, the department of economic affairs has warned against weather shocks, geopolitical tensions and their effect on oil prices

Eurozone inflation dips further to 2.6% in February

Consumer prices in the 20-nation single currency area rose 2.6 percent in February from a year earlier, down from a 2.8-percent rise in January, the EU's statistics agency said.

Inflation inequality: Why prices of lifestyle goods are easing for the rich while the poor struggle to buy essentials

India's headline retail inflation, which has remained above target for nearly four-and-a-half years, cooled to a three-month low of 5.1 percent in January. However, the impact of price changes has not been uniform across all income classes.

India's wholesale inflation at a 3-month low of 0.27 percent in January

The wholesale food inflation cooled down to 3.79 percent last month compared to 5.39 percent in December 2023.

FM says retail inflation now stable, cost of essentials coming down

Sitharaman added that subsidised essentials in the from of Bharat Atta, Bharat Dal among others have helped cool down prices

US inflation slowed further in December as an economic 'soft landing' moves into sharper focus

Friday's government report showed that prices rose just 0.2% from November to December, a pace consistent with pre-pandemic levels and barely above the Fed's 2% annual target. Measured from a year earlier, prices increased 2.6%.

Thali Price Index: Cooking at home gets 3-5% cheaper as veggies, chicken cost less

According to CRISIL Market Intelligence & Analytics, while thali prices were down sequentially in December, a plate of vegetarian food was 12 percent more expensive compared to a year ago.

Centre, RBI on high alert as inflation still a risk, says finance ministry

The recent drop in crude prices and continued moderation in core inflation are likely to control inflationary pressures, the ministry said in its monthly economic report for October

Global prices singe as India likely to keep up ban on rice exports till next year

Lower prices and ample stockpiles have helped make India one of the top shippers globally over the past decade, recently accounting for almost 40 percent of the total