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  • India will succeed in handling inflation better: FM Nirmala Sitharaman Nov 30, 2022 06:57 PM IST

    India will succeed in handling inflation better: FM Nirmala Sitharaman

    Virtually participating in 'Reuters NEXT' event, the finance minister also acknowledged that inflation due to imports of commodities like crude oil is going to persist.

  • Are we looking at a respite from high food inflation? Nov 16, 2022 05:54 PM IST

    Are we looking at a respite from high food inflation?

    Though the government moved early to curb exports of key grains to ensure food security and price stability, untimely rains pushed up food prices

  • Guardians of world economy told to ‘buckle up’ as outlook dims Oct 16, 2022 06:51 AM IST

    Guardians of world economy told to ‘buckle up’ as outlook dims

    With about 60 percent of the world’s 75 poorest countries already in or at risk of debt distress, finance chiefs ranging from Treasury Secretary Janet Yellen to Zambia’s Situmbeko Musokotwane urged richer nations to do more to help vulnerable ones restructure their debt

  • Volatile food prices led to RBI missing inflation forecasts: Economists Oct 13, 2022 02:01 PM IST

    Volatile food prices led to RBI missing inflation forecasts: Economists

    Inflation has been above the RBI's quarterly projections in the bi-annual monetary policy report (MPR) in eight out of the last 10 quarters until September, while retail price rise exceeded the 4%-6% mandated target band since January.

  • Heavy rains damage Indian crops ahead of harvest, threatening higher food prices Oct 10, 2022 01:54 PM IST

    Heavy rains damage Indian crops ahead of harvest, threatening higher food prices

    Higher food prices could prompt New Delhi to slap additional restrictions on exports of food commodities such as rice, wheat, and sugar, and potentially force the Reserve Bank of India to raise interest rates again.

  • Countries told to 'urgently re-examine' curbs imposed on agricultural trade Sep 21, 2022 08:14 PM IST

    Countries told to 'urgently re-examine' curbs imposed on agricultural trade

    The joint statement from heads of the Food and Agriculture Organization, International Monetary Fund, World Bank Group, World Food Programme, and World Trade Organization comes hours after Russian President Vladimir Putin announced a "partial military mobilisation."

  • Stubbornly high rents, food prices boost US inflation in August Sep 14, 2022 06:49 AM IST

    Stubbornly high rents, food prices boost US inflation in August

    The surprisingly firm inflation readings reported by the Labor Department on Tuesday were despite an easing in global supply chains, which had contributed to a surge in prices earlier in the year.

  • Steps to check prices will be felt more significantly in coming months: Finance Ministry Sep 12, 2022 10:36 PM IST

    Steps to check prices will be felt more significantly in coming months: Finance Ministry

    According to the data, the retail inflation inched up to 7 per cent in August from 6.71 per cent in July.

  • India’s energy hunger can widen the trade deficit Jul 06, 2022 12:05 PM IST

    India’s energy hunger can widen the trade deficit

    Only a sharp fall in global prices of crude oil, coal and other key imports can narrow India’s trade deficit. Meanwhile, India will have to live with a volatile rupee

  • West must put aside its sanctimonious blame game, and exempt food from Russia sanctions Jun 28, 2022 11:23 AM IST

    West must put aside its sanctimonious blame game, and exempt food from Russia sanctions

    Russia, the largest exporter of wheat in the world, must be allowed to export its grain, to cool food prices and interest rates, and boost global growth

  • Food prices dip in May for second consecutive month, UN agency says Jun 03, 2022 02:31 PM IST

    Food prices dip in May for second consecutive month, UN agency says

    The Food and Agriculture Organization's (FAO) food price index, which tracks the most globally traded food commodities, averaged 157.4 points last month versus 158.3 for April.

  • Food prices likely pushed India inflation to 16-month high in March: Poll Apr 11, 2022 09:28 AM IST

    Food prices likely pushed India inflation to 16-month high in March: Poll

    The full effect of the spike in crude oil and global energy prices following Russia's invasion of Ukraine in late February is not expected to appear in consumer prices until April as the pass-through to consumers at fuel pumps was delayed.

  • WPI inflation eases to 12.96% in January; food prices harden Feb 14, 2022 12:42 PM IST

    WPI inflation eases to 12.96% in January; food prices harden

    WPI inflation has remained in double digits for the tenth consecutive month beginning April 2021. Inflation in December 2021 was 13.56 per cent, while in January 2021, it was 2.51 per cent.

  • Many Turks can’t afford bread, and bakers can’t afford to make it Dec 16, 2021 08:37 PM IST

    Many Turks can’t afford bread, and bakers can’t afford to make it

    Turks are grappling with soaring inflation, watching prices rise daily as the lira has plunged against the dollar and their salaries and pensions no longer cover even the staples of life.

  • Here’s why the morning hot cuppa and the platter got costlier Dec 15, 2021 12:50 PM IST

    Here’s why the morning hot cuppa and the platter got costlier

    If crude prices harden, it could have a cascading effect, negating the fuel tax cut gains that lowered petrol and diesel prices. Costlier transport fuel could make most other goods dearer as the cost of ferrying products across India becomes expensive 

  • World food prices hit new 10-year high in October: FAO Nov 04, 2021 04:04 PM IST

    World food prices hit new 10-year high in October: FAO

    The October reading was the highest for the index since July 2011. On a year-on-year basis, the index was up 31.3% in October.

  • When it comes to food security, climate change is the real challenge for South Asia Sep 06, 2021 12:33 PM IST

    When it comes to food security, climate change is the real challenge for South Asia

    Science alone can provide the answer to challenges posed by increasing possibility of droughts, excessive rains in a short period, higher temperatures, rising sea levels and shorter monsoons. Any government concerned with food security should be according highest priority to tackling climate change 

  • Exclusive | Govt defends record wholesale price rise, says states also to be blamed for soaring fuel prices Jun 15, 2021 01:42 PM IST

    Exclusive | Govt defends record wholesale price rise, says states also to be blamed for soaring fuel prices

    With wholesale inflation hitting a record 12.9 percent in May, and fuel prices continuing to soar, the Centre is now shifting the blame to states, high global commodity prices and a low base effect.

  • Rising global food prices have a silver lining for India Mar 03, 2021 08:34 AM IST

    Rising global food prices have a silver lining for India

    High prices can improve realisations. India can also step up exports of food grains and reduce the inventories in the domestic market

  • Inflation Analysis: Retail prices fell sharply in December. Here’s what happened Jan 15, 2021 12:02 PM IST

    Inflation Analysis: Retail prices fell sharply in December. Here’s what happened

    Kitchen staples cooled retail inflation in December, but pulses played spoilsport.

  • Chart of the Day | Good news on inflation Dec 15, 2020 11:14 AM IST

    Chart of the Day | Good news on inflation

    The wholesale price index bears out the PMI data on firms starting to pass on input price hikes, with the highest month-on-month increase in the manufactured products index in years

  • Why did consumer price inflation spike in July? Aug 14, 2020 09:53 AM IST

    Why did consumer price inflation spike in July?

    India now has one of the highest inflation rates in the world

  • WPI inflation falls 1.81% in June, but food prices rise Jul 14, 2020 01:15 PM IST

    WPI inflation falls 1.81% in June, but food prices rise

    Inflation in food articles during June stood at 2.04 percent, as against 1.13 percent in May. In fuel and power basket, deflation stood at 13.60 percent in June, against 19.83 percent in the previous month.

  • WPI inflation falls 3.21% in May, but food prices rise Jun 15, 2020 12:47 PM IST

    WPI inflation falls 3.21% in May, but food prices rise

    "The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at (-) 3.21 percent (provisional) for May 2020 as compared to 2.79 percent during the corresponding month of the previous year," the commerce and industry ministry said in a statement.

  • March retail inflation eases to 5.91% Apr 13, 2020 05:44 PM IST

    March retail inflation eases to 5.91%

    In the wake of the coronavirus pandemic, the Reserve Bank of India (RBI) on March 27 cut the repo rate by 75 basis points to 4.40 percent versus 5.15 percent earlier