Edible oils have seen a sharp rise in prices in last 6 months despite govt efforts to cool off rates by reducing high tax levies. June fuel inflation was 12.68%, while edible oil inflation was at 34.78%.
The Centre has asked the RBI to keep retail inflation at 4% with a margin of 2% on either side. The Consumer Price Index remained above the RBI's comfort level for the 2nd month in a row.
Rise in maize and soybean prices internationally is making chicken, fish, and eggs expensive in India, which uses products derived from these grains as feed.
Centre has asked the RBI to keep the retail inflation at 4% with a margin of 2% on either side. The central bank had left the key interest rate unchanged earlier this month.
The rate of price rise in the food basket accelerated to 4.94% in March. Meanwhile, manufacturing sector output declined by 3.7% and mining output slipped 5.5% in February.
The rate of price rise in the food basket accelerated to 3.87% in February, as against 1.89% in the preceding month, as per data released by the National Statistical Office.
The rate of price rise in food basket was 1.89% in January this year, significantly down from 3.41% in December, according to data released by the National Statistical Office.
Year-on-year method misses trends in prices, so month-to-month seasonal adjustment should be used. According to this, May-December avg inflation was 4.05%.
According to data released by the Ministry of Statistics & Programme Implementation, food inflation declined to 3.41% in December in 2020, compared to 9.5% in November.
Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.
COMMENTS