At the start of the pandemic, food supply chain disruptions, a shift from food services (such as dining out) towards retail grocery and consumer stockpiling (coupled with sharp appreciation of US dollar) pushed up consumer food price indices in many countries.
The Congress on Thursday said it will launch a nationwide protest campaign from July 7 to 17 to highlight the plight of the people and alleged government apathy towards the public.
India’s retail inflation surged to 6.30 per cent in the month of May, over and above the Reserve Bank of India’s (RBI) threshold of 6 per cent, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on Monday.
This is the fifth straight month of uptick seen in the wholesale price index (WPI)-based inflation. In April, 2021, WPI inflation hit double digit at 10.49 per cent
Bharatiya Kisan Union (BKU) leader Rakesh Tikait on Tuesday said that if someone raises its voice against the government, they are punished and compared the government North Korea.
Shiv Sena veteran leader Sanjay Raut backed Congress Wayanad MP Rahul Gandhi over his false image remark on Prime Minister Narendra Modi. Backing Gandhi, Raut said that he is a senior leader and former Congress president and leaders should take his words seriously.
India's annual rate of inflation based on wholesale prices sequentially rose to 10.49 per cent in April from a rise of 7.39 per cent in March.
The government on Tuesday informed Parliament that inflation has remained low in the last seven years - except for a spike in some items - and the government is taking steps to bring it further down.
The WPI inflation was 2.03 per cent in January and 2.26 per cent in February last year.
There was a huge commotion outside the Punjab Assembly today. Akali Dal leaders protested against farm laws and inflation.
The wholesale price-based inflation rose to 2.03 percent in January 2021, even as food prices cooled.
The Reserve Bank has lowered the retail inflation projection for the current quarter of this fiscal at 5.2 per cent, saying it has returned within the "tolerance band".
The inflation is rapidly growing in Pakistan and Prime Minister Imran Khan is finding no solution as to how to overcome this solution. Watch this political satire.
Under the current dispensation, the RBI has been mandated by the government to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side.
After potato and onion, the price of edible oil has now gone up in the national capital due to a sharp increase in the cost of oilseeds. There has been a 53 per cent hike in the crude palm oil (CPO) prices in the domestic futures market, in the past six months due to a decline in palm oil production in Malaysia.
Consumers in the national capital are being adversely affected due to an increase in the price of vegetables. Meanwhile, the inflation has also reduced the sales made by vendors.
The wholesale price-based inflation declined 0.58 per cent in July, even as food items turned costlier. WPI inflation in June was at (-) 1.81 per cent, while for the month of May and April it was (-) 3.37 per cent and (-) 1.57 per cent respectively.
The Reserve Bank of India (RBI) on Thursday said inflation is expected to be at elevated levels during the second quarter, but may ease in the second half of the current fiscal year.
Inflation in food articles during June stood at 2.04 per cent, as against 1.13 per cent in May. In fuel and power basket, deflation stood at 13.60 per cent in June, against 19.83 per cent in the previous month.
Wholesale price index (WPI) inflation has declined by 3.21 per cent in May against a rise of 2.79 per cent in the year-ago period. The wholesale prices witnessed deflation due to sharp decline in prices of fuel and power, even as food articles turned expensive.
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