Page-2 of Food Inflation
India’s Retail Inflation in August 2022
India’s retail inflation has reached 7 per cent in August 2022 – well above the RBI’s comfort level of 6 per cent. Key facts India’s Consumer Price Index (CPI)-based inflation has returned to 7% in August 2022. In July 2022, ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs
Retail inflation in India in April
According to the data released by the National Statistical Office (NSO), retail inflation in April is 7.79%. Rural inflation surged to a near 8-year high of 8.38%, whereas urban inflation was at an 18-month high of 7.09%. What is inflation? ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
India’s Retail Inflation in December 2021
The retail inflation in India increased to 5.59% in December 2021. This is the highest in the last five months. The inflation data was released by the Ministry of Statistics and Programme Implementation. About the increase in retail inflation The ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs
October WPI at 5-month high
Ministry of Commerce & Industry released its data on Wholesale Price Index (WPI) on November 15, 2021. Key Points As per Ministry’s data, provisional Wholesale Price Index (WPI) based inflation have been accelerated to a five-month high to 12.54% in ..
Month: Current Affairs - November, 2021
RBI Monetary Policy Committee Announcements
Three-membered Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained an accommodative stance and kept the repo rate unchanged at 4 per cent, in order to revive & sustain growth and reduce the impact of Covid-19 pandemic. ..
Month: Current Affairs - October, 2021
WPI inflation at 1.48% in October 2020; Increased for third consecutive month
The Wholesale Price Index (WPI) increased to 1.48% in October 2020. This was the highest in the past eight months. Key Highlights The inflation rate based on WPI Food Index fell from 6.92% in September 2020 t0 5.78% in October ..
Month: Current Affairs - November, 2020
India allows export of onions to Bangladesh
On September 18, 2020, the Directorate General of Foreign Trade lifted the ban on export of onions to other countries including Bangladesh. The decision was made after a long meeting with the Ministry of External Affairs and Commerce. Highlights The lift ..
Month: Current Affairs - September, 2020
Retail Inflation at 5-year high of 7.35% in December, 2019
According to the data released by Ministry of Statistics and Programme Implementation on January 13, 2020, the food inflation increased to 14.12% in December 2019 as compared to 10.01% in November 2019. The CPI (consumer Price Index) rose to 7.35% ..
Month: Current Affairs - January, 2020
FICCI study on Onion Price Rise: India should follow Israel, Brazil
India is witnessing price hikes in retail onion up to Rs 100 per kg currently in November 2019. Government had introduced the TOP-Tomato Onion Potato Scheme in 2018-19 Budget to address this problem. However, the scheme has not taken off ..
Month: Current Affairs - November, 2019
Why WPI is not getting reflected in CPI?
The prices of food items in India are rising at a much faster pace at the wholesale level than the retail end. The wholesale price index (WPI) for food articles has increased from minus 0.21% to 6.98% between September 2018 ..