Jalandhar: Buried in recent monthly data for wholesale prices in India, the wild gyrations of a humble vegetable tell the tale of an economy trapped in inflation by its own rigidities. Back in December, after a bumper harvest of potatoes, furious farmers dumped tonnes of their crop on roads in protest over a crash in prices: four months later, the annual wholesale inflation rate of the potato is galloping at...
12:33 PM, May 22, 2012
New Delhi: The retail inflation for industrial workers stood at 8.65 per cent in March, higher than 7.57 per cent in February due to a spurt in food prices. "The point to point of inflation based on CPI-IW also increased from 7.57 per cent in February to 8.65 per cent in March," a Labour Ministry statement said. The retail inflation measured in terms of All India Consumer Price Index (CPI-IW)...
04:59 AM, May 01, 2012
New Delhi: Food prices fell for the second consecutive week as food inflation remained in the negative zone at -2.90 per cent for the week ended December 31, 2011. Food inflation, as measured by the Wholesale Price Index (WPI), stood at -3.36 per cent in the previous week. It was above 19 per cent in the corresponding week of 2010. According to data released on Thursday, onions became cheaper by...
12:57 PM, Jan 12, 2012
New Delhi: Food inflation entered the negative zone at (-) 3.36 per cent for the week ended December 24 as prices of essential items like vegetables, onion, potato and wheat declined. "There has been substantial improvement. Food inflation has turned negative for the first time in recent memory," Finance Minister Pranab Mukherjee told reporters here. This is the first time in almost six years, for which data with base year...
12:58 PM, Jan 05, 2012
New Delhi: With food inflation easing by over a percentage point during the week ended November 5, Finance Minister Pranab Mukherjee on Thursday said that if the trend continues, 'some relief' can be expected on the price front. "At least on the food front, we may expect to have some relief if this trend continues," Mukherjee told reporters here. His comments came after food inflation eased to 10.63 per cent...
12:36 PM, Nov 17, 2011
New Delhi: Concerned over high food inflation, the Food Ministry on Monday said that it will brainstorm with the finance and agriculture ministries to dentify areas putting pressure on prices and work out a solution to contain inflation. "We are highly concerned about high inflation. We will sit together (with Finance and Agriculture Minister) and discuss which are the areas causing high inflation and work out what can be done,"...
04:00 PM, Oct 31, 2011
New Delhi: Inching closer to the crucial double-digit mark, food inflation rose to 9.80 per cent for the week ended August 13 on the back of dearer onions, potatoes, fruits and protein-based items. Food inflation, as measured by Whole Price Index (WPI), stood at 9.03 per cent in the previous week. The rate of price rise of food items in the corresponding week of August, 2010, was 14.56 per cent....
12:20 PM, Aug 25, 2011
New Delhi: Snapping a two-week declining trend, food inflation rose to 8.31 per cent for the week ended July 2 on the back of soaring prices of protein-based items, cereals and vegetables. Food inflation, as measured by the Wholesale Price Index (WPI), rose by 0.70 percentage points during the week under review vis-a-vis the previous week. The rate of price rise in food items stood at 7.61 per cent in...
12:28 PM, Jul 14, 2011
Rome: The newly elected chief of the United Nations food agency said on Monday he expected high food prices to last several years and cause problems for importing countries. "High prices will remain not only a few years. This is not only a temporary imbalance," Director-General Elect Jose Graziano da Silva told a news conference. "This is related to financial markets and until we reach a more stable financial situation...
06:17 PM, Jun 27, 2011
New Delhi: Food inflation in the country touched a two-and-half-month high of 9.13 per cent in the week ended June 11 on the back of costlier fruits, milk, onions and protein-based items. Food inflation, as measured by the Wholesale Price Index (WPI), stood at 8.96 per cent during the previous week. It was almost 23 per cent during the second week of June, 2010. Food inflation has crossed the 9...
01:01 PM, Jun 23, 2011
Bangalore: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Friday said he expects the monsoon rains and good macro management of the sector to bring down high food prices to "reasonable levels" by September and October. "Our current assessment is that food inflation at the moment is too high, but there is no domestic shortage. Cereals are in a very good shape... we have more than enough stock. With good...
04:16 PM, Jun 10, 2011
New Delhi: Notwithstanding the government's projections of a moderation in the rate of price rise of food items, food inflation jumped to a two-month high of 9.01 per cent for the week ended May 28 on the back of costlier fruits, onions and protein-based items. Food inflation, as measured by the Wholesale Price Index (WPI), was 8.06 per cent in the previous week, while it was as high as 20.62...
12:40 PM, Jun 09, 2011
New Delhi: Food inflation fell to 8.06 per cent for the week ended May 21 on the back of cheaper pulses, wheat and some vegetables, with the latest numbers likely to be seen by the government as a silver lining after the slowdown in economic growth during the first quarter. Food inflation, as measured by the Wholesale Price Index (WPI), stood at 8.55 per cent during the previous week. The...
12:18 PM, Jun 02, 2011
New Delhi: Food inflation dropped to 7.7 per cent for the week ended April 30, the lowest level in 18 months, due to a fall in the price of pulses and vegetables, especially potatoes. The rate of price rise in food items, as calculated on the basis of the wholesale price index (WPI), was 8.53 per cent in the previous week and 21.46 per cent in the comparable period of...
12:21 PM, May 12, 2011
New Delhi: Reversing a three-week declining trend, food inflation shot up to 8.74 per cent for the week ended April 9 from 8.28 per cent in the previous week on account of expensive fruits, protein-based items and onions, according to the official data released on Thursday. The surge from the last week, which was incidentally the lowest in a-year-and-half, is likely to put more pressure on the government looking bewildered...
01:15 PM, Apr 21, 2011
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