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Rising crude oil prices along with higher tax component of petrol-diesel prices can generate additional tailwinds for inflation going forward

Keep a close watch on inflation figures | HT Editorial

By HT Correspondent | Hindustan Times
UPDATED ON DEC 15, 2020 08:30 PM IST
A persistence of high inflation, especially in food items, might put a squeeze on household budgets and therefore mass demand
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The latest government data showed that the economy rebounded in the fiscal second quarter from a record 24% contraction in the preceding three months.
The latest government data showed that the economy rebounded in the fiscal second quarter from a record 24% contraction in the preceding three months.

RBI may keep policy rates unchanged

By Gopika Gopakumar | Hindustan Times, Mumbai
PUBLISHED ON NOV 30, 2020 01:45 AM IST
All the 10 economists expect RBI to keep the repo rate, the rate at which banks borrow from the central bank, at 4% while maintaining an accommodative policy stance.
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Control inflating food prices: Himachal CPI (M)

By HT Correspondent | Hindustan Times/Shimla, Shimla
UPDATED ON NOV 01, 2020 11:40 PM IST
CPI (M) has also demanded that the government provide 7,500 per month and 10 kg ration per person free of charge to all those outside the purview of income tax
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Data released by the industry department showed that wholesale price index (WPI) inflation contracted 0.58% in July against a 1.81% contraction in June.
Data released by the industry department showed that wholesale price index (WPI) inflation contracted 0.58% in July against a 1.81% contraction in June.

Wholesale inflation contracts for 4th month in a row

By Asit Ranjan Mishra | Hindustan Times, New Delhi, New Delhi
PUBLISHED ON AUG 15, 2020 05:37 AM IST
The divergence between food inflation at the wholesale and retail levels remained significant in July even after narrowing considerably, pointing to the continued varied dynamics driving food prices as the country emerged from the national lockdown.
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People buy vegetables from Wadgaonsheri vegetable market ahead of lockdown in Pune(Shankar Narayan/HT Photo)
People buy vegetables from Wadgaonsheri vegetable market ahead of lockdown in Pune(Shankar Narayan/HT Photo)

India’s retail inflation for July rises 6.93% as food prices climb nearly 10%

By Zia Haq | Hindustan Times, New Delhi
UPDATED ON AUG 13, 2020 07:50 PM IST
The consumer price index in July rose 6.9%, while food items became nearly 10% costlier, data from the ministry of statistics showed Thursday.
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Wholesale prices-based inflation rose to 3.1 per cent in January. (Representative Image)(Bloomberg)
Wholesale prices-based inflation rose to 3.1 per cent in January. (Representative Image)(Bloomberg)

WPI inflation rises to 3.1 percent in January

By Press Trust of India | New Delhi
UPDATED ON FEB 14, 2020 02:44 PM IST
The annual inflation, based on monthly wholesale price index (WPI), was at 2.76 per cent during the same month a year ago (January 2019).
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Food subsidies are the biggest expenditure item in the budget after interest payments and defence.(AP)
Food subsidies are the biggest expenditure item in the budget after interest payments and defence.(AP)

Inclusion of vegetables in PDS may check food inflation woes

By Roshan Kishore | Hindustan Times, New Delhi
UPDATED ON JAN 16, 2020 09:13 AM IST
More than 40% of India’s workforce is still employed in agriculture, according to data from the 2017-18 Periodic Labour Force Survey (PLFS) conducted by the National Statistical Office (NSO).
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The spike was caused by food prices, which account for almost 40% of the typical Indian household’s budget, and grew at 14% in the month of December.(Abhijit Bhatlekar/Mint File Photo)
The spike was caused by food prices, which account for almost 40% of the typical Indian household’s budget, and grew at 14% in the month of December.(Abhijit Bhatlekar/Mint File Photo)

Retail inflation at 5-year-high, vegetables 60% expensive; to hurt economic recovery

By Roshan Kishore and Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON JAN 14, 2020 09:22 AM IST
To put the 7.35% number in context, India’s nominal GDP is expected to grow at 7.5% in 2019-20. This means nominal incomes can be expected to rise by 7.5%, which means most Indians are already feeling the pinch of the price rise.
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Core inflation – the non-food non-fuel component of CPI basket – has also increased marginally after declining for four consecutive months, even as the headline numbers were rising.(PTI)
Core inflation – the non-food non-fuel component of CPI basket – has also increased marginally after declining for four consecutive months, even as the headline numbers were rising.(PTI)

Vegetable prices up 60 percent, retail inflation hits 5-year high

By HTC and agencies | Hindustan Times, New Delhi
UPDATED ON JAN 13, 2020 09:23 PM IST
Retail food prices, which make up nearly half of the India’s inflation basket, increased 14.12% in December from a year earlier, against 10.01% in November.
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As per the government data, the food inflation rose to 14.12 per cent in December as against (-) 2.65 per cent in the same month of 2018. It was 10.01 per cent in November 2019.(REUTERS)
As per the government data, the food inflation rose to 14.12 per cent in December as against (-) 2.65 per cent in the same month of 2018. It was 10.01 per cent in November 2019.(REUTERS)

Retail inflation jumps to 7.35 % in Dec, crosses RBI’s comfort level

By Press Trust of India | New Delhi
UPDATED ON JAN 13, 2020 06:03 PM IST
The retail inflation based on Consumer Price Index (CPI) was 2.11 per cent in December 2018 and 5.54 per cent in November 2019.
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Lower output isn’t the only reason for relatively higher food prices. India’s net export of food items, i.e. the value of exports minus value of imports, is falling.(Getty Images / iStock)
Lower output isn’t the only reason for relatively higher food prices. India’s net export of food items, i.e. the value of exports minus value of imports, is falling.(Getty Images / iStock)

News updates from Hindustan Times: Food may get costlier due to global prices, kharif yield and all the latest news at this hour

By HT Correspondent | Hindustan Times
UPDATED ON DEC 18, 2019 08:56 AM IST
Here are today’s top news, analysis and opinion curated for you at 9 am. Know all about the latest news and other news updates from Hindustan Times.
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The price increase seems to have offset the effect of lower output.(Getty Images/iStockphoto)
The price increase seems to have offset the effect of lower output.(Getty Images/iStockphoto)

Food may get costlier as global prices, kharif yield to hit household spends

By Zia Haq | Hindustan Times, New Delhi
UPDATED ON DEC 18, 2019 04:17 AM IST
The June-September monsoon started sluggishly, delaying sowing, ended with a 10% surplus, as heavy rains flooded 12 states, damaging a variety of kharif or summer-sown crops, and then withdrew later than usual (and abruptly). Experts say this will reduce output, resulting in an increase in wholesale prices.
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The short answer to why inflation numbers show a divergent trend is food. Food and beverages have a share of 46% in the CPI basket. The spike in retail inflation is mainly because of a seasonal shock to food prices, especially vegetables(REUTERS)
The short answer to why inflation numbers show a divergent trend is food. Food and beverages have a share of 46% in the CPI basket. The spike in retail inflation is mainly because of a seasonal shock to food prices, especially vegetables(REUTERS)

Understanding India’s inflation trends | HT editorial

By HT Correspondent | Hindustan Times
UPDATED ON NOV 14, 2019 08:34 PM IST
The spike in retail inflation is due to food. The Reserve Bank of India must not use it to increase policy rates
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Workers unload sacks of potatoes from trucks at the Vashi Agricultural Produce Market Committee (APMC) wholesale market in Mumbai, India, on Thursday, Oct. 3 2019.(Bloomberg)
Workers unload sacks of potatoes from trucks at the Vashi Agricultural Produce Market Committee (APMC) wholesale market in Mumbai, India, on Thursday, Oct. 3 2019.(Bloomberg)

Retail inflation quickens to 3.99% in September

By Press Trust of India | New Delhi
UPDATED ON OCT 14, 2019 06:43 PM IST
Annual retail inflation in September was much-higher compared with 3.21% in the previous month, and analysts’ forecasts.
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Even if left unattended, the onion price rally would have reversed in some time(Rahul Raut/HT PHOTO)
Even if left unattended, the onion price rally would have reversed in some time(Rahul Raut/HT PHOTO)

The politics of onion price rise | HT editorial

By HT Correspondent | Hindustan Times
UPDATED ON SEP 26, 2019 09:29 PM IST
Its price rise shows the trade off between inflation and farmer incomes
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A farmer harvesting his crop in a village in Punjab.(HT FILE PHOTO.)
A farmer harvesting his crop in a village in Punjab.(HT FILE PHOTO.)

It’s a fact. We don’t want farmers to get rich | Opinion

By Zia Haq | Hindustan Times, New Delhi
UPDATED ON SEP 20, 2019 05:15 PM IST
India’s obsession with keeping food prices low, even when there’s no inflationary pressure, has long hurt farm incomes
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India’s retail inflation rate rose to 3.21% in August, driven by higher food prices, the government said on Thursday(HT Photo (Representative Image))
India’s retail inflation rate rose to 3.21% in August, driven by higher food prices, the government said on Thursday(HT Photo (Representative Image))

India’s retail inflation rises to 3.21% in August

By Reuters | New Delhi
UPDATED ON SEP 12, 2019 06:42 PM IST
Annual retail inflation in August was slightly higher compared with 3.15% in the previous month, and in line with analysts’ forecasts.
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Subdued food inflation benefits consumers or net buyers of food items, but they also hurt farm incomes, especially because commodity prices are not keeping pace with rising costs of cultivation.(HT image)
Subdued food inflation benefits consumers or net buyers of food items, but they also hurt farm incomes, especially because commodity prices are not keeping pace with rising costs of cultivation.(HT image)

Kharif output expected to fall this year

By Zia Haq | New Delhi
UPDATED ON SEP 11, 2019 03:51 AM IST
The upshot of a projected decline in food output is that it is expected to, at least slightly, push up flat food prices, especially of grains.
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In a Reuters poll ,the wholesale price inflation was below the forecast of 1.93% and provisional 2.02% in June.(Reuters Photo)
In a Reuters poll ,the wholesale price inflation was below the forecast of 1.93% and provisional 2.02% in June.(Reuters Photo)

India’s July WPI inflation eases to 1.08%

By Reuters | New Delhi
UPDATED ON AUG 14, 2019 01:11 PM IST
According to the government data,Wholesale food prices in July rose 4.54% year-on-year, compared with a 5.04% jump a month earlier.
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Thousands of farmers clashed with the police and paramilitary forces at the national capital’s borders with Uttar Pradesh, prompting police to use tear gas, water cannons to stop protesting farmers from entering the city, at Delhi-Ghaziabad border, New Delhi, India, on Tuesday, October 2, 2018.(Burhaan Kinu/HT PHOTO)
Thousands of farmers clashed with the police and paramilitary forces at the national capital’s borders with Uttar Pradesh, prompting police to use tear gas, water cannons to stop protesting farmers from entering the city, at Delhi-Ghaziabad border, New Delhi, India, on Tuesday, October 2, 2018.(Burhaan Kinu/HT PHOTO)

Oped: Farm policy’s 3 dilemmas

UPDATED ON JUN 02, 2019 09:38 AM IST
If there is one thing that distinguishes the agricultural performance of the first Narendra Modi government, it is the collapse of nominal growth of the gross value added (GVA) component of agriculture.
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A second official at the secretariat added that in 2014, “almost 300 newly-elected MPs had to be accommodated in hotels.(HT Photo)
A second official at the secretariat added that in 2014, “almost 300 newly-elected MPs had to be accommodated in hotels.(HT Photo)

No 5-star hotel for new MPs in drive for cost-cutting

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON MAY 23, 2019 07:49 AM IST
In 2014, as many as 315 new MPs, mostly from the BJP, were elected to the House, the highest number of newcomers since 1980.
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Mumbai...14th June 2011... News... Men at work at the vegetable market at Crawford on Tuesday. India's Wholesale Price Index (WPI) rose an annual 9.06 percent in May as the Government data shows - Photo by Kalpak Pathak(HT File Photo)
Mumbai...14th June 2011... News... Men at work at the vegetable market at Crawford on Tuesday. India's Wholesale Price Index (WPI) rose an annual 9.06 percent in May as the Government data shows - Photo by Kalpak Pathak(HT File Photo)

WPI inflation slips to 3.07% in April, food prices still high

By Press Trust of India | New Delhi
UPDATED ON MAY 14, 2019 03:11 PM IST
Vegetables inflation was at 40.65 per cent in April, up from 28.13 per cent in the previous month. Inflation in food articles basket was 7.37 per cent, up from 5.68 per cent in the previous month.
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Food prices did not increase at all in the last one year. For vegetables, the inflation growth is negative. This is bound to have put a significant strain on farm incomes(Reuters)
Food prices did not increase at all in the last one year. For vegetables, the inflation growth is negative. This is bound to have put a significant strain on farm incomes(Reuters)

Low food inflation adds to BJP’s political worries

By HT Correspondent | Hindustan Times
PUBLISHED ON APR 15, 2019 01:23 AM IST
Depressed food prices will create headwinds to aggregate demand, which could neutralise the expected tailwinds from higher investment
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The Centre has sought the Election Commission’s (EC) approval to increase wages paid under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) programme, a decision that could benefit roughly 118 million active workers.(AP File Photo)
The Centre has sought the Election Commission’s (EC) approval to increase wages paid under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) programme, a decision that could benefit roughly 118 million active workers.(AP File Photo)

Lok Sabha elections 2019: Government seeks EC approval to hike rural job guarantee scheme pay

By Saubhadra Chatterji | Hindustan Times, New Delhi
UPDATED ON MAR 26, 2019 10:16 AM IST
The Election Commission’s model code of conduct is in force since March 10 — the day the schedule for the general elections that will be spread over the coming two months was announced — and it prohibits any move by the government that could potentially sway voters.
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Wholesale food prices in February rose 3.29 percent year-on-year, compared with a 1.84 percent rise a month earlier, the data showed.(Bloomberg)
Wholesale food prices in February rose 3.29 percent year-on-year, compared with a 1.84 percent rise a month earlier, the data showed.(Bloomberg)

Wholesale inflation rises to 2.93 percent in February after a 10-month low of 2.76 percent in January

By Reuters | New Delhi
UPDATED ON MAR 14, 2019 12:35 PM IST
The wholesale price inflation last month was higher than a 2.88 percent increase forecast by economists in a Reuters poll.
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Shaktikanta Das, the RBI’s new governor, voted for a cut despite only weeks earlier acknowledging the challenges posed by the divergent paths taken by core and food inflation.(Ravindra Joshi / HT Photo)
Shaktikanta Das, the RBI’s new governor, voted for a cut despite only weeks earlier acknowledging the challenges posed by the divergent paths taken by core and food inflation.(Ravindra Joshi / HT Photo)

More India rate cuts could be in store as core inflation eases

By Bloomberg | Anirban Nag
UPDATED ON FEB 13, 2019 11:15 AM IST
India’s headline and core inflation rates are set to converge in the coming months as the economy slows, increasing the chance of more interest rate cuts.
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The compound annual growth rate (CAGR) of Gross Value Added (GVA) under the present government (2014-15 to 2018-19) is 7.2%, higher than the 7% and 6.2% under the UPA-I and UPA-II governments(Reuters File)
The compound annual growth rate (CAGR) of Gross Value Added (GVA) under the present government (2014-15 to 2018-19) is 7.2%, higher than the 7% and 6.2% under the UPA-I and UPA-II governments(Reuters File)

Why sentiment fails to keep up with GDP data

By Roshan Kishore | Hindustan Times, New Delhi
UPDATED ON JAN 26, 2019 11:10 AM IST
The current government has performed worse in terms of agricultural growth than UPA-II, but it has done better in both industry and services
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Inflation based on wholesale prices fell to a 8-month low of 3.80 per cent in December, 2018, on softening prices of fuel and some food items.(Bloomberg/ Representative Image)
Inflation based on wholesale prices fell to a 8-month low of 3.80 per cent in December, 2018, on softening prices of fuel and some food items.(Bloomberg/ Representative Image)

WPI inflation at 8-month low of 3.80% in December on softening fuel, food prices

By Press Trust of India | Press Trust of India
PUBLISHED ON JAN 14, 2019 02:46 PM IST
According to the government data released Monday, deflation in food articles stood at 0.07 per cent in December, against 3.31 per cent in November.
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(Sameer Sehgal/HT Photo)
(Sameer Sehgal/HT Photo)

Agriculture crisis: Farmers finding it difficult to recover their cost of production

By Roshan Kishore | Hindustan Times, New Delhi, New Delhi
UPDATED ON DEC 26, 2018 09:25 AM IST
Demonetisation and the Goods and Service Tax disrupted economic activity in the informal sector, which seems to have left a lasting effect on food prices.
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A customer shops for pulses in a store at a local market in Hyderabad.(Bloomberg)
A customer shops for pulses in a store at a local market in Hyderabad.(Bloomberg)

How the inflation equation could impact politics

By Roshan Kishore | Hindustan Times, New Delhi
UPDATED ON OCT 17, 2018 10:28 PM IST
Rising inflation under the United Progressive Alliance II came with high food prices; this is not the case now.
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