Search Result for : Food Inflation

By Abin Daya Despite all what the flat-earth proponents might say, the world is surely round. I’m convinced of that! Things do come back a full circle. 64 years after it enacted the Air Corporations Act and nationalised the Air India, the government has decided that it does not want to be in the business of ferrying passengers over air any more. It is looking to privatise the airlines, and the Tatas, from whom the airline was originally taken over, seem to be the most likely suitor. The performance of the domestic air passenger industry is one of the topics in today’s update. However, the main topic for today’s update is India’s export performance for the month of May 2017. While export performance has ...

The Dollar Business Bureau (Sourced from PTI) The government revealed today that the consumer price index (CPI) for the month of November 2016 has seen a decrease of 3.63% compared to 4.20% seen in October. The CPI was 5.41% in the same month the previous year. While the urban inflation rate (CPI) was 3.05%, the rural was 4.13% showing a marked decrease than that of November 2015 when the urban inflation rate was 4.71% and the rural 5.95%. The consumer price index in November decreased due to a sharp decline in the consumer food price index (CFPI). The CFPI in the month of November was 2.11% compared to that of October when it was 3.32%.  Inflation of food and beverages which have a weightage of ...

The Dollar Business Bureau India’s retail inflation slowed to 5.5% in August, the sharpest in over five months after recording 6% in July, thereby giving the Reserve Bank of India window to undertake policy rate cut in its upcoming monetary review later this year. Food inflation went up 5.91% but vegetable inflation cooled down to 1.02% last month from a 14% sharp increase in July.  The indices of industrial production for the mining, manufacturing and electricity, however, for July registered a negative growth of 0.8%, 3.4% and 1.6% over the corresponding period of last year. The cumulative growth of these three sectors during April-July 2016 stood at 2.0%, (-1.4) % and 7.1% respectively, over the corresponding period of last year. In terms of industries, ...

The Dollar Business Bureau  Inflation based on Consumer Price Index (CPI) has escalated for the fourth month in a row to 6.1% in July, 2016 which is a 23-month high. This is mainly due to the growing food inflation at 8.4% while core inflation remained at 5.1% during last month.  According to Crisil Research, an increase in CPI inflation is transitory. Normal monsoon and proactive steps taken by the government to manage food supply will rein in food inflation this fiscal. It will take one or two months for the benefit of the rains to wash away the rise in food prices.  After the Reserve Bank kept its policy rate unchanged this month, Crisil expects a rate cut in October at least with more clarity ...

The Dollar Business Bureau In line with the industries’ earlier projections, the Reserve Bank of India (RBI) has kept the key interest rates unchanged, leaving the repo rate, also referred as repurchase rate, at 6.5% and the cash reserve ratio (CRR) of scheduled banks at 4.0%. The Indian banking body, in its second bi-monthly Monetary Policy Statement for the financial year 2016-17, said the decision to maintain the status quo on key rates was taken against the backdrop of current and evolving macroeconomic situation. “Consequently, the reverse repo rate under the LAF will remain unchanged at 6.0%, and the marginal standing facility (MSF) rate and the Bank Rate at 7.0%,” RBI said in its announcement. RBI further said a slight increase in inflation, which ...

 Source: PTI WPI inflation remained in the negative zone for a 16th straight month at (-)0.91 per cent in February as food articles, mainly vegetables and pulses turned cheaper. The Wholesale Price Index-based inflation was (-)0.9 per cent in January. In February last year, it was (-)2.17 per cent. This is the 16th straight month since November 2014 when deflationary pressure has persisted. Food inflation stood at 3.35 per cent in February compared with 6.02 per cent in January, showed official data, which was released on Monday. Inflation in pulses and onion eased to 38.84 per cent and (-)13.22 per cent, respectively. The rate of price rise in the case of vegetables was (-)3.34 per cent, and for fruits, it stood ...