Food Price Index

India's retail inflation accelerated to a five month high of 7.30% in September due to surging food prices, staying well above the Reserve Bank of India's (RBI) upper tolerance band

FAO's cereal price index rose 1.5 per cent month-on-month in September, with wheat prices climbing 2.2 per cent

Industrial output remains robust

Ashoka University has developed a first-of-its kind Daily Food Price Index (DFPI) to track inflation in retail and wholesale food markets on a real time basis, officials said on Thursday. The existing Consumer Price Index (CPI) and Wholesale Price Index (WPI) are released on a monthly and yearly basis. "The recent surge in food prices due to factors like the COVID-19 pandemic and ongoing conflict in Ukraine reflect the rapidity with which situations that affect the economy can develop. In this context, having access to more real-time data can facilitate timely market interventions and decisions related to price regulation," said Ashwini Deshpande, Director, Centre for Economic Data & Analysis (CEDA) at Ashoka University. "A delay in publication of data, and subsequent delay in policymaking, often carries a cost. Thus, the DFPI developed by CEDA would be a great public resource for policymakers, researchers and journalists," she added. Deshpande explained that CEDA's Daily Food ...

World food prices rose for a 10th consecutive month in March, hitting their highest level since June 2014, led by jumps in vegetable oils, meat and dairy indices, the United Nations food agency said

Vegetable oil prices led the upward charge in the overall index, surging 14.5% month-on-month.

Reports 10.12% deflation in fuel, power basket