India’s consumer price inflation eased a tad from 4.83% in April to a one-year low of 4.75% in May, but food price rise remained unchanged at 8.7%, with urban households facing a sharper 8.83% spike in food inflation. Retail inflation stood at 4.31% in May 2023, with food prices rising less than 3%. May was …
Amul increased the milk prices by ₹1 per half litre and ₹2 per litre in all segments of its packed milk category on 2 June, and the new price will be effective from 3 June, reported news agency ANI. With this hike, Amul Gold and Amul Taaza’s prices will be ₹2 more per litre, Amul …
People in Pakistan are bracing themselves for a hike in essential commodities, including food items as the holy month of Ramadan starts, ANI reported on Sunday citing an Express Tribune report The report said the people of the neighbouring country are already facing a two to three-fold increase in the prices of essential kitchen items …
Output of winter-sown wheat is set to be a record 112 million tonne during 2023-24, compared to last year’s 110 million tonne, while summer-sown rice is estimated at 111 million tonne, 0.9% higher than the previous year, the Union government’s second advance estimates of foodgrains production released on Thursday showed. The output of winter-sown rice …
New Delhi: Nestlé India expects food inflation to be more “benign” this year, and the government’s infrastructure spending to boost jobs and incomes, bolstering consumption of essential items, said a top executive at the packaged foods company. “I think in overall terms, this year looks to be more benign as far as food inflation is …
NEW DELHI :The government on Tuesday launched ‘Bharat rice’ at a subsidised rate of ₹29 per kg to provide relief to consumers amid a 15% rise in retail prices of the grain last year. Launching the subsidised rice that will be available in 5 kg and 10 kg packs, food and consumer affairs minister Piyush …
The global recession is unlikely to happen as the inherent resilience of individual economies has withstood the pressures much better, said RBI Governor Shaktikanta Das on Thursday. He said after COVID-19, the Ukraine war, and the spike in inflation, there was widespread apprehension that the world economy may plunge into recession. “That has not happened. …
NEW DELHI :India’s horticulture production, including that of vegetables and fruits, was 2.32% higher in financial year 2022-23 at 355.3 million tonnes, according to the agriculture ministry’s third advance estimates issued on Thursday. Production of vegetables is estimated to have increased to 213.88 mt in FY 2022-23 from 209.14 mt in the year prior due …
The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting on Friday, December 22, highlighting that domestic food inflation unpredictability, and volatility in crude oil prices and financial markets in an uncertain international environment pose risks to the inflation outlook. Hence, the central bank’s monetary policy continues to remain …
Economists said that the retail inflation based on the Consumer Price Index (CPI), in November 2023 increased to 5.55 per cent, far from the RBI’s medium-term target level of 4 per cent, driven by a surge in food and beverage inflation to 8.0 per cent in November. Experts said that while the Reserve Bank of …