Page 6 - Food Inflation

Wholesale price index makeover on the cards, base year to be 2017-18

Green tea, sanitisers among items in bigger basket

World food price index surges in May to highest level since 2011 -FAO

On a year-on-year basis, prices were up 39.7% in May.

Inflation remains a big worry ahead as country reels under Covid shock

Massive Urban spike foreseen, food price volatility may worsen as monsoon approaches; decade high wholesale inflation may put further pressure, but favourable base effect may have tempering effect

Retail inflation jumps to 3-month high of 5.03% amid rise in fuel prices

Food inflation rose to 3.87 per cent from 3.11 per cent over this period.

World food price index rises in February for ninth month running - FAO

World food prices rose for a ninth consecutive month in February

Food inflation in India to increase as chicken, milk may cost more

An expected rise in food prices could be a setback for the monetary policy makers, who have been betting on softer levels

World food price index rises in January, at highest level since July 2014

Wheat prices increased 6.8%, driven by strong global demand and expectations of reduced sales by Russia

Eco survey suggests change in weighting of food items to gauge inflation

The survey said new sources of price data also need to be incorporated in the wake of increasing retail e-commerce transactions

WPI inflation eases in sync with retail, but core spikes in December

Softens to four-month low of 1.22% in December from 1.55% in November as food items enter deflationary zone; core inflation at 2-year high of 4.2%

Fall in food prices helps retail inflation ease to 4.6% in December

After a year of high inflation-low growth, a sharp dip in food inflation tames the headline number

World food prices rise for seventh month in a row in December: FAO

World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, according to Food and Agriculture Organisation of the United Nations.The FAO Food Price Index averaged 107.5 points in December, 2.2 per cent higher than in November. Over the whole of 2020, the benchmark index -- which tracks monthly changes in the international prices of commonly-traded food commodities -- averaged 97.9 points, a three-year high and a 3.1 per cent increase from 2019 although still more than 25 per cent below its historical 2011 peak.The FAO Cereal Price Index rose 1.1 per cent from November and for all of 2020 averaged 6.6 per cent above the level of 2019. Export prices for wheat, maize, sorghum and rice all rose in December, moving higher in part due to concerns over growing conditions and crop prospects in North and South America as well as the Russian Federation.On an annual basis, rice export prices were 8.6 per cent higher in 2020 than in 2019, while .

Food inflation in states with strong 'mandis' & those without: Status check

The following chart shows the average retail food and beverages inflation of Punjab and Haryana as compared with Bihar, where APMCs where made redundant few years back

November WPI inflation at nine-month high even as food prices moderate

Onion, which bore the brunt of rising inflation rate in recent months, saw deflation or fall in prices in November at 7.58%

Commodity picks: December 14 2020

The price is expected to trade lower at Rs 1,400 a quintal following ample wheat supplies

WPI inflation rises to 8-month high of 1.48% on pharma, metal prices

Food inflation eases but onion, potato and pulse prices firm up

Retail food inflation may remain high for a few months, say experts

Good harvest may not help, they say, as the rise in price is being fueled by commodities

How onions and pulses could wreck the Centre's food inflation arithmetic

Damage to standing crops due to extended rain, depletion of stocks at home and in global markets could spoil the calculations

Rising food inflation temporary affair; to be back to normal soon: DEA Secy

The Wholesale Price Index (WPI)-based inflation rose to 1.32 per cent in September 2020, mainly on the back of costlier food articles

Food prices push retail inflation to 8-month high of 7.34% in Sept

Inflation above RBI's comfort zone of 6% for six straight months, Q2 inflation slightly higher than MPC's projection, MPC may refrain from cutting rate in December policy too

New members give RBI's MPC dovish tilt; to hold rates on Oct 9: Analysts

Rising inflation, according to economists, is another cause for concern