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 food plate cost tracker. “High frequency data for perishables point to a moderation in momentum into August, which together with remnant base effects are likely to keep headline inflation in the lower half of the target band at 3.2%,” said Radhika Rao, executive director and senior economist at DBS Bank. “This is led by a correction in prices of vegetables, especially tomato, while other essential commodities also moderated sequentially, so we expect inflation as per the Consumer Price Index to print at 4% in August,” said Aditi Gupta, an economist at the bank. While tomato prices may remain benign, Pushan Sharma, research director at Crisil Market Intelligence and Analytics cautioned that potato prices were likely to remain firm owing to late blight infestations in some key States, while onion prices could rise further in the near term.

Inflation Prices Price Crisil Tomato Prices  expect  tomato  dip  target  surged  costs  food  slide  crisil  aid  meal  prices  inflation  price  vegetarian  average

History of this topic

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

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
Trending News
1 week ago

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October

Firstpost  

Headline retail inflation, the key target for the Reserve Bank of India’s monetary policy decisions, eased to 5.48% in November, down from 6.21% in the prior month India’s wholesale inflation slowed in November to 1.89% year-on-year, easing from the previous month, due to a smaller increase in food prices, government data showed on Monday. The wholesale inflation rate, a proxy …

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
Trending News
1 week 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, 1 day 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, 4 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, 4 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, 4 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 …

Retail inflation eases to 5.48% in November from above 6% in October
1 week, 4 days ago

Retail inflation eases to 5.48% in November from above 6% in October

India Today  

India's retail inflation cooled to 5.48% in November, slipping below the Reserve Bank of India’s upper tolerance band of 6% after breaching it in October. "High inflation reduces the disposable income in the hands of consumers," Das noted, adding that food inflation could stay elevated through the third quarter of FY25 before easing. Expected revisions could lower food’s weightage by …

Retail inflation data today. 3 things you should know
1 week, 4 days ago

Retail inflation data today. 3 things you should know

India Today  

The retail inflation data for November is set to be released on Thursday, and all eyes are on the figures after October’s inflation rate climbed to a 14-month high, owing to a rise in food prices, especially vegetable prices. OCTOBER’S INFLATION BREACHES RBI TOLERANCE LEVEL In October, inflation rose to 6.2%, surpassing the Reserve Bank of India's upper tolerance threshold …

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain
1 week, 4 days ago

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain

LA Times  

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month …

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons
Trending News
1 week, 4 days ago

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons

India TV News  

India's retail inflation has declined to 5.48 per cent in November compared to 6.21 pewr cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index data released by the National Statistics Office, the inflation in the food basked reduced to 9.04 per cent in November. The CPI-based …

Inflation likely eased to 5.5% in November: Mint poll
1 week, 5 days ago

Inflation likely eased to 5.5% in November: Mint poll

Live Mint  

India’s retail inflation is expected to have eased to 5.5% in November from 6.2% the previous month, driven by a seasonal decline in vegetable prices, according to a Mint poll of 16 economists. Even if inflation moderated in November, it would still have exceeded the Reserve Bank of India's medium-term target of 4% in all but two months since September …

Rising food inflation: Thali costs soar 7% YoY on pricey staples like potatoes, tomatoes
2 weeks, 3 days ago

Rising food inflation: Thali costs soar 7% YoY on pricey staples like potatoes, tomatoes

Live Mint  

The cost of a home-cooked vegetarian meal, or thali, climbed 7% year-on-year in November, driven by a sharp rise in vegetable prices, rating agency Crisil Ltd said on Thursday. On a monthly basis, the cost of a vegetarian thali fell 2% in November, thanks to a 17% drop in tomato prices as fresh supplies from Madhya Pradesh, Maharashtra, and Gujarat …

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch
2 weeks, 3 days ago

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a two-day review meeting amid recent worrying prints of headline inflation and gross domestic product. “However, with the GDP growth print sharply undershooting the MPC's expectations, a February 2025 rate cut may be …

India Expects Relief in Food Inflation with Strong Kharif Harvest
4 weeks 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 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 …

Centre picks innovators to manage tomatoes, analysts say no point reinventing the wheel
1 month ago

Centre picks innovators to manage tomatoes, analysts say no point reinventing the wheel

Hindustan Times  

Tomato prices recently scaled a five-year peak, drilling holes in consumers’ pockets across India, the world’s second-largest producer of the vegetable. Prices of tomatoes and onions, two basic ingredients of most Indian dishes, tend to rise and fall every alternate year or so due to weather disruptions, inadequate cold storage facilities and low levels of processing into durable items such …

Tomatoes, Onions, Gold Driving CPI Inflation Says CEA
1 month ago

Tomatoes, Onions, Gold Driving CPI Inflation Says CEA

Deccan Chronicle  

Mumbai: Chief Economic Adviser V Anantha Nageswaran on Tuesday said that the recent rise in Consumer Price Index -based inflation is primarily driven by a select few commodities. Nageswaran explained that excluding tomatoes, onions, potatoes, and gold and silver from the CPI calculation reveals a much lower headline inflation rate of just 4.2 per cent for October. While these items …

Inflation behaving more like a magician who tricks you again and again
1 month ago

Inflation behaving more like a magician who tricks you again and again

New Indian Express  

The main culprit is food inflation, which jumped to 10.87%, largely led by vegetable prices that rose by a staggering 42.18% in October. As Deputy governor Michael Patra noted, inflation will likely encounter a hump in the near months largely due to an adverse base and one-off shocks to prices of vegetables, edible oils and gram. The fact that inflation …

Nirmala Sitharaman acknowledges netizen’s request for relief to middle class. Check her response here
1 month ago

Nirmala Sitharaman acknowledges netizen’s request for relief to middle class. Check her response here

Live Mint  

Indian Finance Minister Nirmala Sitharaman, on November 17, responded to a netizen requesting some relief for the middle class amid rising inflation and prices in the country. I understand the immense challenges involved, but it’s just a heartfelt request.” Sitharaman responded positively to the post, thanking Sharma for acknowledging the challenges involved and stating that the central government is a …

Retail tomato prices drop 22.4% on improved supplies: Govt.
1 month ago

Retail tomato prices drop 22.4% on improved supplies: Govt.

The Hindu  

“Retail tomato prices declined 22.4% month-on-month on improved supplies across the country,” the Consumer Affairs Ministry said on Sunday. During the same period, modal wholesale prices at Delhi's Azadpur mandi witnessed a sharper decline of nearly 50% to ₹2,969 per quintal from ₹5,883 per quintal, driven by increased arrivals. “Though arrivals have subsided at major tomato centres in Madanapalle and …

Onion prices to remain high in Nov after 52% rise YoY, other vegetable rates to dip 4% MoM: ICICI Bank
1 month, 1 week ago

Onion prices to remain high in Nov after 52% rise YoY, other vegetable rates to dip 4% MoM: ICICI Bank

Live Mint  

The prices of onion continue to remain high in November while other vegetable prices are seeing a dip of 4.1 per cent MoM in Nov so far, highlighted a report by ICICI Bank. Although onion prices continue to remain elevated in November, veggie prices are seeing a dip of 4.1 per cent MoM in Nov so far". Within the food …

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 …

Wholesale inflation rises to 2.36 per cent in October mirroring retail figures, food costs up 11.59 per cent
1 month, 1 week ago

Wholesale inflation rises to 2.36 per cent in October mirroring retail figures, food costs up 11.59 per cent

India TV News  

In line with the uptick in retail inflation, wholesale inflation in India too witnessed a sharp spike in October. The annual rate of inflation based on all India Wholesale Price Index number is 2.36 per cent for the month of October, 2024. For food index, which has 24.38 per cent weightage, the rate of wholesale inflation was at 11.59 per …

Onion price rises to Rs 80 in Delhi, Mumbai: When will prices come down? Here's what govt officials say
1 month, 1 week ago

Onion price rises to Rs 80 in Delhi, Mumbai: When will prices come down? Here's what govt officials say

India TV News  

With less supply in the market, onion prices in many major cities have increased significantly over the past few days, leaving customers in financial distress. A senior consumer affairs ministry official told PTI that the average all-India retail price of onion is ruling at Rs 54 per kg and the prices have declined in the past one month after the …

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 Industrial Output Grows 3.1 Percent in September Amid Rising Inflation
1 month, 1 week ago

India’s Industrial Output Grows 3.1 Percent in September Amid Rising Inflation

Deccan Chronicle  

NEW DELHI: India’s industrial production witnessed a significant expansion by 3.1 per cent in September from a negative territory in August 2024 at 0.1 per cent, mainly due to improvement in the manufacturing sector. While headline retail inflation rose to 14-month high of 6.21 per cent in October from 5.49 per cent in the preceding month mainly due to higher …

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit
Top News
1 month, 1 week ago

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit

ABP News  

Retail inflation climbed to 6.21 per cent in October, up from 5.49 per cent in the previous month, driven primarily by higher food prices, according to official data released on Tuesday. Data from the National Statistics Office revealed that inflation in the food basket surged to 10.87 per cent in October, compared to 9.24 per cent in September and 6.61 …

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 consumer inflation at 14-month high of 6.2%, first breach of RBI tolerance band since Aug 2023
1 month, 1 week ago

India's consumer inflation at 14-month high of 6.2%, first breach of RBI tolerance band since Aug 2023

Firstpost  

Last month, inflation had already surpassed the RBI’s medium-term target of 4 per cent for the first time since July. The October spike marks the first time in 14 months— since August 2023— that the inflation rate exceeded the Reserve Bank of India’s tolerance ceiling of 6 per cent. Upasna Bhardwaj, the Chief Economist at Kotak Mahindra Bank, Mumbai, said …

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 …

Onion tomato prices soar across markets in India. Check prices for Mumbai, Delhi, and other cities here
1 month, 1 week ago

Onion tomato prices soar across markets in India. Check prices for Mumbai, Delhi, and other cities here

Live Mint  

Customers across India are shelling out more money to buy onions, potatoes and tomatoes as vegetable prices continue to rise in cities across the country. Onion prices have surged by ₹30-40 per kilogram to ₹70-80/kg in the wholesale markets from ₹40-60/kg the week prior, according to an ANI report. Potato, Tomato Price No Better According to an BusinessInsider report, tomato …

Soaring Vegetable Prices in AP Adding to Consumer Woes
3 months 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 …

India's WPI inflation drops to four-month low of 1.31 per cent in August on lower prices
3 months ago

India's WPI inflation drops to four-month low of 1.31 per cent in August on lower prices

New Indian Express  

NEW DELHI: Wholesale inflation fell for the second consecutive month to 1.31 per cent in August due to cheaper vegetables, food and fuel, government data released on Tuesday showed. The fuel and power category witnessed deflation of 0.67 per cent in August against inflation of 1.72 per cent in July. Data released last week showed retail inflation was at 3.65 …

​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 …

Business News: Catch All Stock Market and Business Updates in Just 2 Minutes | ABP News
3 months, 1 week ago

Business News: Catch All Stock Market and Business Updates in Just 2 Minutes | ABP News

ABP News  

Retail inflation in India is projected to stay below 4% for August 2024, according to recent reports. The Consumer Price Index, a key measure of retail inflation, is expected to remain within this range due to various factors influencing the market. Additionally, the prices of essential goods and services have not seen major spikes, contributing to the overall lower inflation …

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates
3 months, 1 week ago

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates

Hindustan Times  

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, so-called core prices rose 3.2% in August from a year ago, the same as in July. A key reason for last month's drop …

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, …

Govt starts selling onions at ₹35/kg to contain rising prices, improve local supplies
3 months, 2 weeks ago

Govt starts selling onions at ₹35/kg to contain rising prices, improve local supplies

Live Mint  

New Delhi: The government started selling onions at ₹35/kg on Thursday to contain rising prices, replicating the step taken to cool rising tomato prices earlier this year. “The subsidised onions will be sold in Delhi NCR and Mumbai in the first phase,” Union minister of consumer affairs and food distribution Pralhad Joshi said while launching the initiative. The subsidised onions …

​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 …

Retail Inflation Declines to 59-month Low of 3.54 Per Cent in July
4 months, 1 week ago

Retail Inflation Declines to 59-month Low of 3.54 Per Cent in July

Deccan Chronicle  

New Delhi: With the significant easing of food prices, consumer retail inflation declined to a 59-month low of 3.54 per cent in July, showing below the central bank’s targeted 4 per cent for the first time in nearly 5 years, while India’s industrial output slowed to a five-month low of 4.2 per cent in June 2024, mainly due to poor …

Retail inflation drops to 3.5% in July, hitting a near 5-year low
4 months, 1 week ago

Retail inflation drops to 3.5% in July, hitting a near 5-year low

India Today  

Retail inflation in July eased to 3.54%, marking a sharp decline after it rose in the previous month. "There is sharp decline in the year-on-year inflation rate based on the All India Consumer Price Index number for the month of July 2024, which is the lowest in the last 59 months," the government's press release said. "Year-on-year inflation rate based …

Food prices can’t be overlooked for inflation targeting, says Das
4 months, 2 weeks ago

Food prices can’t be overlooked for inflation targeting, says Das

New Indian Express  

Das clarified that while the Monetary Policy Committee might overlook elevated food inflation if it is deemed temporary, the current situation of sustained high food inflation requires the committee to take it seriously. The Economic Survey, released prior to the Budget, advocated for a revision of the central bank’s inflation targeting framework by excluding food inflation. It argued that India’s …

Tomato rates soar above ₹100 per kg in Pune
5 months ago

Tomato rates soar above ₹100 per kg in Pune

Hindustan Times  

Tomato prices surpassed ₹ 100 per kg in retail markets across the city on Saturday as adverse weather conditions in areas around Pune and Maharashtra continue to affect supplies of the essential kitchen staple. As a result, there has been a shortage of tomatoes in the previous few days, and prices have risen accordingly,” said Manikrao Shete, a dealer at …

Price of tomatoes skyrocket in Bengaluru on online grocery platforms; Here's why: Report
5 months ago

Price of tomatoes skyrocket in Bengaluru on online grocery platforms; Here's why: Report

Hindustan Times  

Tomato prices, which had been ranging from ₹79 to ₹90, have now crossed the ₹100 mark on online grocery platforms. Last year, tomato prices soared to an eye-watering ₹200 per kilogram in July, only to crash to ₹5 per kilogram two months later. Currently, online grocery stores are listing tomatoes between ₹100 and ₹104 per kilogram, and retail prices are …

Discover Related