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 […]
The Consumer Price Index (CPI) points to potential fluctuations in retail inflation in India, ranging from 5.6 to 6.6 per cent for July. This variation is primarily attributed to a surge in expenses within the food sector. The unveiling of this statistic by the government is scheduled for Monday. Over the past two months, food […]
Israel’s Ministry of Health published Sunday the principles of the outline for deepening the food reforms in the country with an emphasis on removing import barriers. The ministry said that in recent years many steps have been promoted in the field, including the opening of parallel imports of regular foods, the adoption of EU regulations […]
IMF’s Chief Economist and Director, Pierre-Olivier Gourinchas, has said restrictions imposed by India on exports of certain varieties of rice are likely to exacerbate volatility in food prices in the rest of the world. “And they (the ban on rice exports) can also lead to retaliatory measures. So, they are certainly something that we would […]
According to a credit research company, Japan will see a price hike on 30,009 food and beverage products by October as the country’s currency Yen weakens as well as weaker Yen pushing up import prices, Kyodo News Agency reported. Adding that, the company also cited another reason to be a surge in electricity and labour […]
The per plate cost of veg and non-veg thali in India, which has been on a decline since October 2022, nosed up in May and June 2023, according to Crisil Market Intelligence and Analytics report. Crisil’s monthly indicator of food plate cost said that soaring tomato, pulses, and staple grain prices have added pressure on […]
The vegetable market in Assam’s capital city Guwahati has witnessed a significant surge in prices for all green vegetables after the flood hit several districts of the state and damaged crops. From tomato to green chilli, the price of every green vegetable is skyrocketing in the markets of Guwahati. Tomatoes are being sold at Rs […]
Industry data revealed on Tuesday that soaring food prices have driven annual inflation in British shops to its highest level in at least 18 years. The British Retail Consortium (BRC) reported that overall shop price inflation rose to 8.9 per cent in March, up from 8.4 per cent in February. This marks the biggest increase […]
