Morgan Stanley expects retail inflation to moderate to Reserve Bank of India’s 6 per cent upper tolerance target only from November. Retail inflation in India rose sharply in July to 7.44 per cent and in the process breached RBI’s 6 per cent upper tolerance target, largely due to a sharp spurt in vegetable, fruit, and […]
Retail inflation in India which rose in June after falling in the preceding four months is projected to rise further in July due to rising food prices, said Crisil in a report on Wednesday. July retail inflation data is due next week. According to the rating agency’s report, food inflation in India, which accounts for […]
Wholesale inflation in India based on the Wholesale Price Index continued to stay in the negative zone for the third straight month in June, besides hitting a fresh multi-year low. The June wholesale inflation came in at (-) 4.12 per cent against (-) 3.48 per cent in May, as against minus 0.79 the previous month […]
In an effort to control the increasing retail prices, the Consumer Affairs Department has directed the procurement of tomatoes directly from Andhra Pradesh, Karnataka, and Maharashtra for distribution in high-demand areas, an official release said. As per the official statement, the Department of Consumer Affairs has instructed the National Agricultural Cooperative Marketing Federation (NAFED) and […]
Bucking the trend, retail inflation in India rose considerably in June to 4.81 per cent, largely due to a sharp spurt in vegetable prices. The inflation index for rural and urban was 4.72 per cent and 4.96 per cent, respectively. Back in May, the retail inflation was at 4.25 per cent, hitting a two-year low. It […]
Amid a sharp spurt in tomato prices across the country, the Central government has directed its agencies – NAFED and NCCF — to immediately procure the staple vegetable from mandis in key growing states of Andhra Pradesh, Karnataka, and Maharashtra. The rise in tomato prices is reported across the country, and not just limited to […]
Tomato prices have recently shot up in the markets across the country from Rs 10-20 per kg to a price of Rs 80-100 per kg. The reason behind this is the dip in supply due to heatwaves in tomato-growing areas and heavy rain. Ajay Kedia, a Mumbai-based commodity market expert and head of Kedia Advisory […]
