"food-inflation"

A new research report warns of a high probability of an El Niño event through November, raising concerns over food inflation in India. Despite healthy reservoir levels and vegetable supplies, higher fuel costs and weather uncertainties could push inflation to 5.2–5.5% in FY27 

Crisil has warned that rising petrol and diesel prices could increase inflationary pressures by raising transport, logistics and manufacturing costs. Higher fuel prices are expected to impact food and core inflation, though GST cuts may partially offset the effect on consumer prices

The cost of vegetarian and non-vegetarian thalis rose by 3 per cent and 4 per cent respectively in June due to a sharp 36 per cent month-on-month spike in tomato prices. Crisil’s report predicts further increases amid seasonal trends and weak summer sowing

However, summer heat poses high upside risks to food prices in addition to elevated geopolitical risks and tariff war

This is the first full Budget of the NDA-III government and it must use its enormous political capital to implement politically difficult structural reforms, says the former RBI Governor

Government may continue to be in denial mode but one cannot be blind to the stark ground realities

Keeps growth projection unchanged at 7.2 per cent for the current fiscal

Apex bank emphasises that uncertainties related to food price outlook warrant a close monitoring

Retail inflation for February 2023 fell marginally to 6.44 per cent compared to 6.52 per cent in January 2023

Food inflation stood at 5.26 per cent last month against 4.78 per cent in April 2021 and 5.88 per cent in the corresponding month a year ago.

The maximum upward pressure in current index came from 'fuel and light' group contributing 0.40 percentage points to the total change, it said.

Petroleum Minister Dharmendra Pradhan had also urged Union Finance Minister Nirmalya Sitharaman to bring petroleum products under the ambit of the GST.

While food article prices softened in October, manufactured items witnessed hardening of prices, according to data released by the Commerce and Industry Ministry