Page 5 - Food Inflation
Rains, festive season, high fuel prices send veggie prices soaring
The Centre has claimed it is keeping tab on the prices and even announced that it has maintained a buffer stock to moderate prices and ensuring minimal storage loss.
 "Rains, festive season, high fuel prices send veggie prices soaring")
Vegetable prices rise, barring potato and onion, shows data
Tomato prices, according to some analysts, are expected to go down as crop arrivals will increase in October
 "Vegetable prices rise, barring potato and onion, shows data")
Commodity price surge deals stagflationary blow to world economy
Rising costs for households and companies are hitting confidence while pushing inflation faster than economists had expected only a few months ago
 "Commodity price surge deals stagflationary blow to world economy")
It's the government, not RBI, which will decide when to start tapering
Experts need to look at things that have a bearing on the forthcoming elections, namely, food price inflation and the output gap, especially in the industrial sector, which is important for employment
Food inflation spectre will haunt us in 2022, says Nestle India chief
Says 2022 going to be difficult year on higher commodity prices
 "Food inflation spectre will haunt us in 2022, says Nestle India chief")
From India to US, sharpest rise in food price since 1970s challenges govts
Global food prices were up 33% in August from a year earlier with vegetable oil, grains and meat on the rise, data from the United Nations Food and Agriculture Organization show
 "From India to US, sharpest rise in food price since 1970s challenges govts")
India's WPI inflation rises to 11.39% in August on higher fuel prices
Snapping the two-month easing trend, WPI inflation rose in August and remained in double-digit for the fifth consecutive month. In July 2021, WPI inflation stood at 11.16 per cent
 "India's WPI inflation rises to 11.39% in August on higher fuel prices")
India's August WPI inflation quickens to 11.39% on higher fuel prices
Fuel and power prices rose 26.09% in August year-on-year compared with 26.02% in July, while manufactured product prices rose 11.39% compared with 11.20% in the previous month.
World food prices jump in August, cereal harvest outlook cut: FAO
On a year-on-year basis, prices were up 32.9% in August.
 "World food prices jump in August, cereal harvest outlook cut: FAO")
Soaring cost of food is forcing families to scrimp at the dinner table
Food prices in July were up 31 per cent from the same month last year, according to an index compiled by the United Nations' Food and Agriculture Organization
 "Soaring cost of food is forcing families to scrimp at the dinner table")
India wants ethanol to fuel its cars, but food inflation is a major risk
The government will fast-track an ethanol program that will divert as much as 6 million tons of sugar toward fuel production annually by 2025, according to the food ministry
 "India wants ethanol to fuel its cars, but food inflation is a major risk")
Patchy monsoon could impact pulse and oilseed output, fueling inflation
All eyes on rains in the weeks ahead till August-end to assess final impact
 "Patchy monsoon could impact pulse and oilseed output, fueling inflation")
Prices of essential commodities have risen in Assam in last 5 yrs: Minister
Retail prices of almost all essential food items have increased in Assam since 2016, with the rates for onion and mustard oil registering the highest spike
 "Prices of essential commodities have risen in Assam in last 5 yrs: Minister")
High food inflation a worry, says Niti Aayog CEO Amitabh Kant
He also said the state governments must take the lead in instituting labour reforms and rationalising costs of power to the industry
 "High food inflation a worry, says Niti Aayog CEO Amitabh Kant")
Milk to pork: How the rising cost of food is sweeping around the world
Food prices have always been cyclical, and most agricultural futures are now off their peaks from early May
 "Milk to pork: How the rising cost of food is sweeping around the world")
Take adequate, long-term exposure to equities to counter inflation
In the short term, take on part-time work and postpone discretionary expenses to cope with this round of price rise which may not end in a hurry
 "Take adequate, long-term exposure to equities to counter inflation")
From households to FMCG companies, commodity inflation bites hard
The higher prices of widely used raw materials such as edible oils, pulses, television panels, and chipsets are burdening household budgets and threatening the margins of leading manufacturers
 "From households to FMCG companies, commodity inflation bites hard")
World food prices fall in June for first time in a year, says FAO
On a year-on-year basis, prices were up 33.9% in June.
 "World food prices fall in June for first time in a year, says FAO")
Retail prices of pulses on declining trend: Food Secretary Pandey
Retail prices of pulses are showing a declining trend after the government's interventions, Union Food Secretary Sudhanshu Pandey said on Monday.
 "Retail prices of pulses on declining trend: Food Secretary Pandey")
CEA expects food inflation to ease with unlock and good monsoon
Moreover, the Chief Economic Adviser (CEA) asserted that high food inflation has not impacted a large section of population as they are being given free ration under the PMGKY
 "CEA expects food inflation to ease with unlock and good monsoon")
