Tag: retail inflation

Mustard prices persist below MSP despite government intervention efforts

April 25, 2024 Santhi No Comments

Even though the government started buying oilseeds under the price support plan (PSS) activities, mandi prices for mustard seeds are still 10–12% below the minimum support price (MSP). Trade sources blame the government’s slow purchasing speed, the high output, and the lower cost of imported edible oils for the farmers’ lower price realization. According to…

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WPI inflation climbs to 0.53% in March due to surging food prices

April 15, 2024 Santhi No Comments

According to preliminary data issued by the Ministry of Commerce & Industry, India’s wholesale pricing index (WPI)-based inflation increased to 0.53 percent on an annual basis in March from 0.20 percent in February. In March 2023, WPI inflation was 1.34 percent. The ministry further stated that the main causes of the March 2024 positive rate…

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Food inflation slightly decreases to 8.52% in March

April 13, 2024 Santhi No Comments

The retail food inflation rate decreased slightly to 8.52% in March 2024 from 8.66% the previous month because of a high base and a sequential decline in the prices of spices, edible oils, and legumes. But month by month, the cost of staples like cereal, milk, meat, and veggies increased. The relevant consumer food price…

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CPI inflation dips to 4.85% low in March, a 10-month low

April 13, 2024 Santhi No Comments

Statistically speaking, a high base caused retail inflation based on the Consumer Price Index (CPI) to drop to a 10-month low of 4.85% in March from 5.09% in February, according to statistics issued by the National Statistical Office on Friday. The index as a whole remained unchanged sequentially. CPI inflation stood at 5.66% in March…

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