Page 2 - Food Inflation

Multiple factors doubled retail inflation rate in wheat, rice since April

The spike in the prices of these two cereals was diametrically opposite to the cooling of the overall inflation rate and of food inflation, both of which hit a three-month low

Food prices at 9-month low as slow staples demand offset war disruptions

The continued decline offers some relief to households grappling with a cost-of-living crunch. The index is down for seventh month, its longest slump in 9 years, and food inflation has begun to slow

Energy prices to fall 11% in 2023 as economies slow down: World Bank study

Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report

Statsguru: Six charts show the rise in MSP for rabi marketing season

The government's decisions on MSP are often said to be driven also with an eye on food inflation

Unseasonal rain, crop losses could keep India's food inflation high

Economists say annual headline inflation will likely start easing from September's 7.41% peak but price pressures on grains, vegetable, and milk will persist

UK inflation returns to 40-year high of 10.1% as food prices rise

British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation's poorest residents. Food prices jumped 14.6 per cent in the year through September, led by the soaring cost of staples such as meat, bread, milk and eggs, the Office for National Statistics said on Wednesday. That pushed consumer price inflation back to 10.1 per cent, the highest since early 1982 and equal to the level last reached in July. The figures immediately fuelled demands that the government do more to help families and retirees as it struggles to regain credibility after an ill-fated package of tax cuts roiled financial markets. Treasury chief Jeremy Hunt ditched the package after he took office last week, but he has warned that this will be a difficult winter and spending reductions also will be needed. Glenn Sanderson, head teacher at St. Aidan's Catholic ..

Kharif arrivals likely to dampen food prices, but downside limited

CPI-inflation for the month of September surged to a five-month high of 7.4 per cent largely due to a spike in food inflation which jumped to a 22-month high of 8.6 per cent for the same period

New Zealand's annual food price increase remains at 13-year high

Food prices were 8.3 per cent higher in September 2022 compared with September 2021 in New Zealand, the country's statistics department Stats NZ said on Thursday

High food prices push retail inflation to 5-month high of 7.41% in Sept

IIP shrinks 0.8% in Aug - a first in 17 months

Poor rainfall in Gangetic plains may spike food inflation in near-term

The deficient rain in the Northern plains, especially in the Gangetic region, is likely to increase food inflation in the near term as overall paddy production will be hit in these areas due to poor monsoon, according to a report. Major agricultural states, such as Bihar, Jharkhand and Uttar Pradesh, have had poor rains during the just concluded season, which may lead to an increase in the prices of rice due to lower paddy products in the near term. The share of these states in overall rice sowing in the Kharif season (as of September 23) has declined to 24.1 per cent from 26 per cent in the previous year, according to an assessment by India Ratings. This is despite the fact that the 2022 monsoon has been above normal but has not spread adequately across the regions. As of September 30, the rainfalls fared well at 92.5cm, which is 6 per cent above the long period average (LPA) of 86.86 cm. At the disaggregate level, while 12 states/Union territories had excess rainfall (deviation f

Ukraine conflict aggravates food and energy inflation, says Jaishankar

External Affairs Minister S Jaishankar said on Saturday that the conflict in Ukraine has aggravated food and energy inflation to make it one of the biggest challenges of our times. In his address here on a special India@75' Showcasing India-UN Partnership in Action' event, Jaishankar said India today envisions itself as a developed country by 2047, the 100th year of its independence. The conflict in Ukraine has aggravated food and energy inflation to make it one of the biggest challenges of our times. India has responded by supplying food grains including as grant assistance in recent years to Afghanistan, Myanmar, Sri Lanka, Yemen and several other countries, he said. We dream of digitizing our most remote villages and landing on the moon. Perhaps even digitizing it. Our foundational belief is that India's own development is inseparable from that of the rest of the world, he said. The event was attended by dignitaries from the UN including President of the 77th session of UN Gener

Shortfall in Kharif output may keep rice prices at elevated levels

A 6-7 million tonnes shortfall in rice production due to a fall in paddy sowing area is likely to keep rice prices at elevated levels, adding to the inflationary pressure that the slowing economy is already grappling with. Elevated food prices, including that of cereals, had led to retail inflation reversing a three-month declining trend, to touch 7 per cent in August. Similarly, the wholesale price inflation, which declined to 11-month low, also showed price pressures from cereals resulting from wheat output being impacted by severe heat waves in some parts of the country. In addition to this, expectation of a lower paddy output - conservative by government estimates and higher if outside experts are to be believed - will keep inflationary expectations higher, experts and analysts believe. Erratic June-September rainfall and delayed withdrawal of South-West monsoon rains have added to concerns over paddy crop. India's rice production during the 2021-22 crop year, ended June, stoo

WPI-based inflation softens to 11-month low at 12.41% in August

However, this is the 17th consecutive month since April 2021 that the factory-gate inflation has remained in the double digit, primarily driven by rising energy and food prices

IMF looks at ways to help countries affected by global food shock

About 50 nations meet the criteria, with 20 to 30 being in need "immediately," Georgieva said

Rice export ban won't lower inflation or meaningfully improve food security

The last time India blocked grain exports, in 2007 and 2008, the decision precipitated a years-long food-security crisis

Centre restricts wheat flour exports to stabilise soaring local prices

India's cabinet approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement

Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?

The state of the economy report authored by RBI staff said the fall in the inflation rate in July was a heartening development

WPI inflation eases to 5-month low of 13.93% in July; food prices soften

India's wholesale price inflation in July eased to lowest in five months at 13.93 per cent against 15.18 per cent in June

Global food inflation eases, but uncertain crops slow wider relief

Crop futures have retreated to pre-war levels, and the UN's monthly measure of food prices sank the most since 2008

'Heat wave also pushed food inflation; expect CPI to come at 6.8% in FY23'

The heat wave in early 2022 was the key domestic factor responsible for pushing up food prices this year, a Crisil Ratings arm said on Monday.