While a lot has been talked about commodities that have become expensive, not much is being talked about commodities that are selling cheaper than last year.
While retail inflation hit an 8-year high of 7.8% in April, wholesale inflation surged to a 9-year high of 15.08% on the back of elevated food and energy prices in the same month.
'Magic price points' — such as Rs 5 or Rs 10 — help less-affluent buyers stay within their budgets. In January, Rs 10 Surf became Rs 12 as commodity cost pressures became too intense.
Food companies are under pressure due to rising edible oil prices. Britannia had passed on 65% of its incremental input cost rises in 2021-22 by reducing weights on their existing price points.
RBI’s mistake may have been in interpreting its mandate to keep retail inflation at 4%, with 2% leeway, as permitting it to do nothing even when inflation was at or near 6%.
Shaktikanta Das says strengthening of inflation impulses & persistence of adverse global price shocks poses upward risks to inflation trajectory presented in April MPC resolution.
Rising wholesale prices are signs that traders are estimating a lower crop size for wheat and buoyant exports. It can worsen with Indonesia's ban on palm oil.
Even if fashion was a core feature of Cannes, Indian influencers failed at that too. No one, barring Nancy Tyagi, was able to turn heads on the red carpet.
WTO's Committee on Agriculture met last week in Geneva. During this meeting, members could question each other on agricultural policies that potentially impacted trade.
In November 2021, India lifted ban on AgustaWestland & its parent company Leonardo, paving way to take part in multiple ongoing projects & bid for upcoming defence contracts.
Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?
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