Oilseeds and Pulses Vulnerable to Price Spikes: Report
1 year, 3 months ago

Oilseeds and Pulses Vulnerable to Price Spikes: Report

Deccan Chronicle  

Chennai: The threat of food price inflation has not waned yet as oil seeds and pulses are still vulnerable to erratic monsoon progression. Apart from a 37.3 per cent surge in vegetable prices, other sub-components like cereals, milk, pulses and spices also showed a significant rise. Given their relatively high reliance on imports, any decrease in domestic production could potentially expose domestic consumers to fluctuations in the global prices of agricultural products. Given their relatively high reliance on imports, any decrease in domestic production could potentially expose domestic consumers to fluctuations in the global prices of agricultural products, finds Care. The upside risk to food inflation also stems from a 12 per cent month-on-month uptick in global vegetable oil prices, thereby adding to imported inflation.

Food Inflation Oil Prices Domestic Price Food Inflation Cent Pulses Oil Seeds  domestic  food  sowing  spikes  oilseeds  vulnerable  oil  vegetable  pulses  cent  prices  monsoon  price  report  inflation

History of this topic

India’s WPI Inflation Drops to 1.89 Percent in November on Food Prices
1 week, 1 day ago

India’s WPI Inflation Drops to 1.89 Percent in November on Food Prices

Deccan Chronicle  

New Delhi: With the decline of prices of food items, especially vegetables and onions, India’s wholesale price index or WPI-based inflation fell to a three-month low of 1.89 per cent in November, down from 2.36 per cent in October, while the WPI-based inflation stood at 0.39 per cent in November last year, the government data showed on Monday. As per …

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
Trending News
1 week, 1 day ago

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%

The Hindu  

India’s wholesale prices rose at a three-month low pace of 1.89% in November, easing from October’s 2.4% uptick, with food price inflation decelerating to 8.9% from a 25-month high of 11.6% in the previous month, even as manufactured products’ inflation accelerated to 2%. EDITORIAL | Price worries: On inflation Among manufactured products, some of the important groups that showed month-over-month …

Food prices are on the rise again. What’s behind the increase
1 week, 2 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high
1 week, 5 days ago

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high

Firstpost  

These positive developments come as India grapples with a seven-quarter low in real GDP growth, which fell to 5.4 per cent in the July-September period, down from 6.7 per cent in the previous quarter In positive developments for the Indian economy, the country’s retail inflation cooled, while industrial production saw an uptick, according to recently released data. Food inflation eases …

Consumer inflation moderates slightly to 5.5% in November
1 week, 5 days ago

Consumer inflation moderates slightly to 5.5% in November

The Hindu  

India’s retail inflation cooled slightly to 5.5% in November from a 14-month high of 6.2% in October, but remained significantly elevated for rural consumers at 5.95%, while dropping to 4.8% for their urban counterparts. “The decline in inflation in November 2024 is mainly due to decline in inflation in ‘food & beverages’ group,” the National Statistics Office said, pointing to …

Retail inflation slows slightly at 5.48%
1 week, 5 days ago

Retail inflation slows slightly at 5.48%

Hindustan Times  

Retail inflation rose to 5.48% last month, a slower pace of increase compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation showed on Thursday. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance level, with two percentage points of …

US wholesale inflation surged higher in November
Trending News
1 week, 5 days ago

US wholesale inflation surged higher in November

CNN  

CNN — US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. A closely watched gauge of underlying wholesale inflation grew more modestly and a chunk of November’s increase could be attributed to a spike in egg prices as a deadly bird flu ripples through …

Food prices reach 19-month high in November, UN says
2 weeks, 4 days ago

Food prices reach 19-month high in November, UN says

Live Mint  

Food prices climbed to a 19-month high in November driven by vegetable oils, data from the Food and Agriculture Organization of the United Nations showed on Friday. The FAO’s food price index, which tracks global prices for a basket of staple foods, averaged 127.5 points in November, a 0.5% increase from October’s level and 5.7% higher than a year earlier. …

India Expects Relief in Food Inflation with Strong Kharif Harvest
4 weeks, 1 day ago

India Expects Relief in Food Inflation with Strong Kharif Harvest

Deccan Chronicle  

As per the report, India’s retail inflation jumped to 6.21 percent in October, a 14-month high, driven by elevated food inflation in a few vegetables. A bumper kharif harvest is expected to lower food inflation in the coming months," it said, adding that a favourable monsoon, adequate reservoir levels and higher minimum support prices are likely to boost rabi sowing …

Food Inflation To Calm Down In Next Few Months, Says Finance Ministry’s Report
4 weeks, 1 day ago

Food Inflation To Calm Down In Next Few Months, Says Finance Ministry’s Report

ABP News  

The finance ministry in its latest economic review for October revealed that food inflation is expected to slowdown in the upcoming months. “Supply disruptions from heavy rains in major producing states contributed to price pressures in tomatoes, onions, and potatoes, while elevated global prices drove up oil and fat inflation,” the ministry in the review stated. The report, released by …

DC Edit | RBI may have to defer rate cut
1 month, 1 week ago

DC Edit | RBI may have to defer rate cut

Deccan Chronicle  

Consumer Price Index-based retail inflation has crossed the Reserve Bank of India’s comfort level of four per cent in October at 6.21 per cent, compared to 4.87 per cent in the year ago period. The 14-month high inflation figure in October dashed hopes of a repo rate cut by the Reserve Bank of India during its policy meeting in December. …

Rising food prices push India’s wholesale inflation to four-month high in Oct
Trending News
1 month, 1 week ago

Rising food prices push India’s wholesale inflation to four-month high in Oct

Live Mint  

India's wholesale price index -based inflation rose to a four-month high of 2.36% in October due to rising food prices, showed the ministry of commerce and industry's provisional data on Thursday. On a year-on-year basis, the core WPI print rose to 0.3% in October," said Rahul Agrawal, senior economist, Icra Ltd. Elevated food prices have also pushed India's retail inflation, …

All about the inflation spike: how, why & when
Trending News
1 month, 1 week ago

All about the inflation spike: how, why & when

Live Mint  

The consumer price index —or retail inflation—surged in October to 6.2%, breaching the Reserve Bank of India’s upper tolerance limit. Despite the RBI governor Shaktikanta Das’s warning of higher inflation in October, the 6.2% reading, which marks a 14-month high, came as a surprise. For the first time in 13 months, the inflation breached the 6% mark—the higher end of …

Spectre of food inflation haunts the economy again
1 month, 1 week ago

Spectre of food inflation haunts the economy again

New Indian Express  

It appears that the common man will have to further tighten his consumption belt. Government data released Tuesday showed vegetable prices were the main culprit, as they shot up over 42 per cent in October from a year ago—higher than the 36 per cent rise in September. Coupled with oil prices rising 9.51 per cent, fruits, cereals and pulses, food …

Consumer inflation at 14-month high of 6.2%
Trending News
1 month, 1 week ago

Consumer inflation at 14-month high of 6.2%

Hindustan Times  

Retail inflation came in at 6.2% in October, the highest in 14 months, and outside the upper band of the Reserve Bank of India’s tolerance limit, primarily on account of higher food prices with potatoes, onions and tomatoes, stape vegetables all, driving the charge. The higher-than-expected number means that RBI’s Monetary Policy Committee is unlikely to cut rates in its …

India’s retail inflation surges to 6.2% in October
1 month, 1 week ago

India’s retail inflation surges to 6.2% in October

The Hindu  

A 10.9% spike in food prices lifted India’s retail inflation to a 14-month high of 6.2% in October, from 5.5% in September, with prices of vegetables and edible oils escalating at a sharp pace not seen in recent years. October’s price rise pace marked a breach of the Reserve Bank of India’s upper tolerance limit for inflation, with rural India …

India’s 14-month high retail inflation fades hope of December rate cut
Trending News
1 month, 1 week ago

India’s 14-month high retail inflation fades hope of December rate cut

Live Mint  

New Delhi: India’s retail inflation accelerated in October to its highest in over a year largely due to heated food prices, tempering expectations of a rate cut when the central bank’s monetary policy panel meets early next month. India’s retail inflation also breached the Reserve Bank of India’s medium-term target of 2-6% for the first time in over a year—which, …

Retail inflation at a 14-month high, rises to 6.21% in October
Top News
1 month, 1 week ago

Retail inflation at a 14-month high, rises to 6.21% in October

India Today  

Retail inflation in India rose to 6.21% in October, up from 5.49% in September 2024, marking a sharp increase driven by high food prices. Inflation in October climbed above the Reserve Bank of India's 6% tolerance threshold, marking the first breach of this level in 14 months since August 2023. Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank said, "The sharply …

Soaring Vegetable Prices in AP Adding to Consumer Woes
3 months, 1 week ago

Soaring Vegetable Prices in AP Adding to Consumer Woes

Deccan Chronicle  

Vijayawada:Heavy rains and floods that wreaked havoc in several parts of Andhra Pradesh have caused significant damage to vegetable crops, leading to a sharp spike in their prices. Price of tomatoes, which was around ₹32 per kg last week, has increased to ₹40, while onion prices continue to hover around ₹55 to ₹60 per kg at the rythu bazaars. “Damages …

​Last mile woes: On inflation data and the challenges
3 months, 1 week ago

​Last mile woes: On inflation data and the challenges

The Hindu  

The latest retail inflation data from the National Statistical Office yet again highlights the challenge in achieving durable price stability. Provisional estimates for year-on-year price gains in August show the headline rate based on the Consumer Price Index quickened marginally to 3.65%, from July’s 3.60%, as a sharp rebound in vegetable inflation led to a wider acceleration in overall food …

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
3 months, 1 week ago

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

LA Times  

Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, …

Slide in tomato prices aid an 8% dip in vegetarian meal costs, CRISIL says
3 months, 2 weeks ago

Slide in tomato prices aid an 8% dip in vegetarian meal costs, CRISIL says

The Hindu  

A sharp 51% drop in tomato prices aided in an 8% decline in average vegetarian meal costs through August but onion and potato prices surged more than 50% and the actual price paid by consumers for a vegetarian plate of food remained the second highest over the past year at ₹31.2, just 4% below July levels, as per Crisil’s monthly …

​Illusory blip: On inflation
4 months, 1 week ago

​Illusory blip: On inflation

The Hindu  

India’s retail prices rose 3.54% in July, the slowest pace in almost five years, easing sharply from 5.1% in June. This is also the first time since August 2019 that inflation as per the Consumer Price Index has aligned with the Reserve Bank of India’s median inflation target of 4%. There is good reason to see through July’s print as …

Flare-up in vegetable prices stalls overall disinflationary trend: RBI officials
5 months ago

Flare-up in vegetable prices stalls overall disinflationary trend: RBI officials

The Hindu  

Consumer price inflation rose in June after three consecutive months of moderation due to a spike in vegetable prices halting a disinflationary trend underway in the economy, Reserve Bank of India officials led by deputy governor Michael D. Patra wrote in the July edition of RBI Bulletin. Headline inflation Headline inflation measured by on year changes in the all-India consumer …

Food price anxiety may recede with sowing upswing
5 months, 1 week ago

Food price anxiety may recede with sowing upswing

The Hindu  

In a development that could help cool rising prices of some food items in the coming months, there is good news on the farm sowing front with overall sown area rising 10.3% over last year, despite the Southwest Monsoon’s progress so far falling a tad short of the long period average and last year’s rain levels by July 15. Within …

India's wholesale prices at a 16-month high in June as vegetable prices go up
5 months, 1 week ago

India's wholesale prices at a 16-month high in June as vegetable prices go up

Hindustan Times  

Wholesale inflation in the country surged to a 16-month high of 3.36 per cent in June on account of rise in prices of food articles, especially vegetables and manufactured items. As per the data, inflation in food articles rose 10.87 per cent in June, as against 9.82 per cent in May. Looking ahead, she said, the headline WPI inflation is …

Wholesale price inflation rises to 3.36% in June, highest in 16 months
5 months, 1 week ago

Wholesale price inflation rises to 3.36% in June, highest in 16 months

The Hindu  

Inflation in India’s wholesale prices accelerated to 3.4% in June, the highest in 16 months, from 2.6% in May, led by a spike in food inflation to 8.7% and a near-doubling in the rise of manufactured products prices to 1.43%. Pricier vegetables, cereals, and fruits spurred the rise in food prices paid by Indian consumers to a six-month high of …

India inflation seen up in June due to soaring vegetable prices: Reuters poll
5 months, 2 weeks ago

India inflation seen up in June due to soaring vegetable prices: Reuters poll

Hindustan Times  

By Vivek Mishra India inflation seen up in June due to soaring vegetable prices: Reuters poll BENGALURU - India consumer price inflation probably edged up in June, snapping five months of declines, largely because of a jump in vegetable prices caused by the damage to crops wrought by extreme weather, according to a Reuters poll of economists. The July 5-9 …

World food prices hold firm in June, UN's FAO reports
5 months, 2 weeks ago

World food prices hold firm in June, UN's FAO reports

Hindustan Times  

The United Nations world food price index held steady in June data showed on Friday, with increases in vegetable oil, sugar and dairy products offset by a fall in the price of cereals. The FAO index hit a three-year low in February as food prices receded from a record peak set in March 2022 following Russia's invasion of Ukraine. Cereal …

‘Persistent heat may singe RBI’s inflation hopes’
5 months, 3 weeks ago

‘Persistent heat may singe RBI’s inflation hopes’

The Hindu  

The persistent heat wave in some States that are also major producers of tomato, onion and potato, is likely to keep food prices elevated for a few more months, and could push retail inflation beyond the Reserve Bank of India’s projections for the first two quarters of this year, economists at Bank of Baroda said on Thursday. In a report …

‘Monsoon pause delays sowing, spikes food prices’
6 months ago

‘Monsoon pause delays sowing, spikes food prices’

The Hindu  

The stalled monsoon has delayed Kharif crop sowing and the persistent heat wave in parts of India is fuelling food price hikes, particularly in vegetables, whose average retail prices rose by about 45.1% this month, economic researchers noted on Monday. Following a rapid onset to cover half the country in the first half of June, there was no further advance …

Food inflation still a concern, experts say: ‘Fight on this front far from over’
6 months, 1 week ago

Food inflation still a concern, experts say: ‘Fight on this front far from over’

Hindustan Times  

In the latest assessment of India's Consumer Price Index inflation for May 2024, experts from India Ratings and Research, the PHD Chamber of Commerce and Industry, and CRISIL shared their insights, highlighting both positive trends and lingering challenges. Sinha and Jasrai noted, "The core inflation though edged down further to 3.1 per cent in May 2024. Commenting on the CPI …

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says
8 months, 1 week ago

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says

Daily Mail  

The pace of UK food inflation fell to the lowest annual rate since November 2021 in March, official figures from the Office for National Statistics show. Overall, prices for food and non-alcoholic drinks increased by 4 per cent in the year to March, down from 5 per cent in the year to February, the ONS said. The ONS data showed …

How the rate of inflation has changed for everyday items
8 months, 1 week ago

How the rate of inflation has changed for everyday items

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation fell to a fresh …

Wholesale price inflation rises to three-month high of 0.53% in March
8 months, 1 week ago

Wholesale price inflation rises to three-month high of 0.53% in March

The Hindu  

India’s wholesale price inflation rose to a three-month high of 0.53% in March from 0.2% in February, with the food index rising 4.65%, primarily led by cereals prices surging at a 12-month high pace even as the inflation in paddy, potato and onions accelerated. For the full year 2023-24, wholesale prices remained in deflationary mode, averaging -0.7%, the lowest pace …

Food factor: On the latest retail inflation data
9 months, 1 week ago

Food factor: On the latest retail inflation data

The Hindu  

The latest retail inflation data, yet again, underscores how volatile food prices continue to hold hostage not only broader inflation but also the lynchpin of economic growth, namely, personal consumption. While February’s headline Consumer Price Index -based reading remained virtually unchanged from the preceding month, at 5.09%, the pace of food price gains computed from the Consumer Food Price Index …

Wholesale food prices spiked in February
9 months, 1 week ago

Wholesale food prices spiked in February

The Hindu  

India’s wholesale price inflation moderated to a four-month low of 0.2% in February from 0.27% in January, despite an acceleration in food and primary articles’ inflation rates, owing to a sharper year-on-year drop in manufactured products and fuel and power prices. The Wholesale Food Index picked up from 3.8% in January to 4.1% in February, while primary articles’ prices rose …

Drought, food inflation drive grocery bill northwards; households start rationing
10 months, 1 week ago

Drought, food inflation drive grocery bill northwards; households start rationing

The Hindu  

Shruthi H., a homemaker from South Bengaluru, said her monthly grocery bill had ballooned by at least 20-25% over the last three months and this has affected the monthly budget. One of the main drivers of the rally in food prices is rice, which most households cannot avoid,” said Rajashekhar, who runs a supermarket in Sahakar Nagar, North Bengaluru. Cereals …

How inflation has hit your shopping basket
10 months, 1 week ago

How inflation has hit your shopping basket

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A slowing of inflation among many everyday food and drink items, including cheese and …

Wholesale price inflation declines to 0.27 per cent in January
10 months, 1 week ago

Wholesale price inflation declines to 0.27 per cent in January

India TV News  

The Wholesale Price Index -based inflation experienced a moderation in January, easing to 0.27 per cent, primarily driven by a decline in food prices. According to the commerce and industry ministry's statement on Wednesday, the annual inflation rate based on the All India Wholesale Price Index for January 2024, compared to January 2023, is recorded at 0.27 per cent. Food …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
10 months, 1 week ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

2024 brings breather on inflation but food prices are still sticky
10 months, 1 week ago

2024 brings breather on inflation but food prices are still sticky

The Hindu  

February 12, 2024 06:10 pm | Updated 09:00 pm IST - New Delhi India’s retail inflation eased to a three-month low of 5.1% in January from 5.7% a month earlier, with food price rise cooling a bit to 8.3% compared with 9.5% in December 2023. While overall inflation faced by urban consumers dropped to 4.92% from 5.5% a month ago, …

Wholesale Inflation Increases to 0.73% in December, Food Prices Rise Sharply
11 months, 1 week ago

Wholesale Inflation Increases to 0.73% in December, Food Prices Rise Sharply

News 18  

The Wholesale Price Index -based inflation rose in December 2023 to 0.73 per cent, mainly due to a sharp rise in food prices. Food inflation rose to 9.38 per cent in December from 8.18 per cent in November 2023. Meanwhile, India’s retail inflation, based on the Consumer Price Index, in December 2023 increased to a 4-month high of 5.69 per …

Wholesale inflation increases to 0.73 per cent in December on rising food prices
11 months, 1 week ago

Wholesale inflation increases to 0.73 per cent in December on rising food prices

India TV News  

The Wholesale Price Index -based inflation rose by 0.73 per cent in December, primarily driven by an increase in food prices. The Commerce and Industry Ministry, in a statement on January 15, explained that the positive inflation rate in December 2023 is mainly due to higher prices of food articles, machinery and equipment, other manufacturing, other transport equipment, and computer, …

Prohibitive price gains: On the Consumer Food Price Index
11 months, 1 week ago

Prohibitive price gains: On the Consumer Food Price Index

The Hindu  

Inflation measured by the Consumer Price Index expectedly quickened to a four-month high in December, with the measure of gains in food prices accelerating at a relatively faster pace as inflation in cereals and pulses stayed stubbornly sticky. While headline retail inflation ticked up by 14 basis points from November’s level to 5.69%, price gains measured by the Consumer Food …

Retail inflation at 4-month high, industry shows muted growth
11 months, 1 week ago

Retail inflation at 4-month high, industry shows muted growth

Hindustan Times  

New Delhi: Retail inflation rose to a four-month high in December, driven by food articles, although prices of cereals and vegetables decelerated compared to the previous month, official data showed on Friday. Consumer prices soared to 5.69% in December from a year ago, higher than November’s 5.55%, but remained within the Reserve Bank’s upper limit of 6% for the fourth …

Onions, tomatoes, pulses bump up veggie plate prices by 12% in December
11 months, 2 weeks ago

Onions, tomatoes, pulses bump up veggie plate prices by 12% in December

The Hindu  

In an indication that food inflation pressures may have worsened in December, the cost of putting together a vegetarian food plate shot up 12% year-on-year last month, compared with 9% in November YoY, as per a monthly food plate costs’ tracker compiled by Crisil Market Intelligence and Analytics. The primary source of food inflation in December were onions and tomatoes, …

Acceleration foretold: On volatile food prices
1 year ago

Acceleration foretold: On volatile food prices

The Hindu  

November’s resurgence in headline retail inflation, while clearly not unexpected after the RBI just last week predicted a likely ‘uptick’, is a stark reminder of the risks volatile food prices pose. While the National Statistical Office’s provisional reading of headline inflation shows the Consumer Price Index rose by 5.55% year-on-year to a three-month high, from October’s 4.87%, food price gains …

Wholesale inflation back in positive zone after 7 months, at 0.26% in November
1 year ago

Wholesale inflation back in positive zone after 7 months, at 0.26% in November

The Hindu  

After seven months of deflation, India’s wholesale prices rose 0.26% in November compared to a -0.52% rate in October. The Commerce and Industry Ministry attributed the uptick primarily to an increase in prices of food articles, minerals, machinery & equipment, computer, electronics & optical products, motor vehicles, other transport equipment and other manufactured goods. Wholesale food prices rose 4.7% in …

Retail inflation rises to 5.55% in November
1 year ago

Retail inflation rises to 5.55% in November

The Hindu  

Consumer prices rose at a three-month high pace of 5.55% in November from 4.87% in October, with food price inflation surging to 8.7% from 6.6% driven by a surge in the inflation rate for vegetables, pulses, fruits, and sugar. The Reserve Bank of India, which had warned last week of a spike in inflation in November due to hardening prices …

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