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Food prices News

24 Dec 2024

Food Prices May Drop in January, Boosting Rate Cut Chances in Feb: ICICI Bank

As per the data by the official data, the retail inflation in November was at 5.48 per cent as compared to 6.21 per cent logged in October, falling in line with the Reserve Bank of India's 2-6 per cent comfort band.

union minister piyush goyal

10 Mar 2024

'When World Was Facing Food inflation, India Was...': Goyal On Food Prices

Piyush Goyal highlighted that the government has spent in the last few years about Rs 28,000 crore in the price stabilisation fund to support the effort to fight against food inflation.

03 Aug 2023

Deshhit: Imitation of PM Modi will cost Pakistan badly, Pakistan will die of hunger!

Deshhit: Where the Government of India has banned the export of Basmati rice. So the same Pakistan has decided to export basmati rice in order to become a hero.

02 Mar 2023

Food Sec Says OMSS Helping In Reducing Wheat Prices

Out of the 50 lakh tonne of wheat, FCI has a mandate to sell a total of 45 lakh tonne under the Open Market Sale Scheme (OMSS) to bulk users till March 15. This is done through a weekly e-auction.

Retail inflation

12 Aug 2022

Retail inflation eases to 6.71% in July as food prices soften

In June, retail inflation was at 7.01 per cent. food inflation in July 2022 moderated to 6.75 percent.

Food and Agriculture Department

06 Mar 2022

World food prices in February at all-time high

The Index tracks monthly changes in the international prices of commonly-traded food commodities. The FAO Vegetable Oils Price Index led the increase. FAO Vegetable Oils Price Index 8.5 per cent from the previous month.

14 Mar 2019

WPI inflation rises to 2.93 percent in February

The WPI-based inflation was at 2.74 percent during the corresponding month of the previous year.

14 Jan 2019

WPI inflation falls to 8-month low of 3.80% in December

The Wholesale Price Index (WPI)-based inflation 3.58 percent during the corresponding month of the previous year, official data showed on Monday.

14 Dec 2018

WPI inflation falls to 4.64% in November on softening food prices

The Wholesale Price Index (WPI)-based inflation stood was 5.28 percent in October and 4.02 percent in November last year.

14 Dec 2017

Wholesale price inflation rises to 8-month high of 3.93% in November

Onion, a kitchen staple, witnessed a whopping 178.19 percent rise in inflation last month on annual basis.

16 Nov 2017

Inflation may ease by December: Rangarajan

Rangarajan said he thinks this is the end of the season when prices rise as far as food articles are concerned.

India WPI inflation

14 Sep 2017

Wholesale inflation rises to four-month high of 3.24% in August

Inflation based on the wholesale price index (WPI) was 1.88 percent in July 2017 and 1.09 percent in August 2016.

Retail inflation

16 Aug 2017

CPI, WPI inflation to rise further in coming months: Morgan

Retail and wholesale inflation accelerated in July and the uptrend is likely to continue in the coming months, limiting the space for further monetary easing, says a Morgan Stanley report.

08 Jun 2017

RBI to leave rates unchanged in FY18: Nomura

The Reserve Bank is expected to leave key interest rates unchanged in the current financial year despite low inflationary pressures and might go for a cumulative 50 bps rate hike next April, says a Nomura report.

05 Apr 2017

Inflation to average at 5 % in FY'18: Crisil

CPI inflation is likely to average higher at 5 percent in the current fiscal on expectations of increasing pressure on food prices as well as uptick in global oil and commodity rates, says a Crisil report.

Retail inflation

14 Feb 2017

As inflation shoots up, India Inc seeks lower lending rates

India Inc on Tuesday pitched for lower lending rates and nudged policymakers to take measures to improve the credit flow to manufacturing and infrastructure sectors as wholesale inflation rose at the fastest pace of 5.25 percent in two-and-a-half years in January.

Retail inflation

13 Feb 2017

Consumer price inflation set to see upside pressure: Crisil

Even as consumer price inflation (CPI) has come down due to a dip in food inflation and Index of Industrial Production (IIP) also seen a slip as a fallout of demonetisation, the former could see upside pressure hereon, Crisil said today.

Retail inflation

17 Feb 2017

Inflation eases to 5-year low of 3.17% in January

Retail inflation eased to 3.17 percent in January, its lowest level in at least five years.

15 Nov 2016

Retail inflation at 14-month low of 4.2% in October on easing food prices

Easing food and fuel prices helped pull down retail inflation to 14-month low of 4.20 percent in October this year, strengthening the case for RBI rate cut next month.

15 Nov 2016

WPI inflation eases to 3.39% in October as food prices soften

In the second consecutive month of decline, wholesale inflation eased to 3.39 percent in October as food articles, led by vegetables, witnessed softening of prices. The wholesale price-based inflation, reflecting the annual rate of price rise, in September stood at 3.57 percent. In October 2015, WPI inflation was (-)3.70 percent.

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