Posts Tagged ‘food prices’
Food price inflation rises to 17.5%
India’s food inflation rate rose slightly to 17.56 per cent in the year to January 23 from 17.40 per cent in the previous week while fuel prices were up 5.88 per cent from a year ago, an official statement said here today, quoting provisional data.
De-hoarding of food items can control inflation
The Centre will have to work on some governmental interventions in the food market to arrest the inflationary trend, which is moving up alarmingly. This was indicated by the newsly appointed chief economic advisor to the Finance Ministry, Kaushik Basu.
India’s high tariffs impedes agri imports from US
American farmers and food product maker lose millions of dollars each year in lost sales to India because of high tariffs and non-tariff measures, which raise the cost or prohibit agricultural exports to the country, an official US report has said.
The report “India: Effects of Tariffs and Non Tariff Measures on US Agricultural Exports” was released by the US International Trade Commission (USITC), an independent, non- partisan fact finding federal agency, at the request of the Senate Committee on Finance.
Burning food rates turn heat on economy
Economic actors such as food product makers, taxi operators and restaurateurs seem primed to trigger an inflationary spiral as
they attempt to cope with soaring prices of items such as dal, onions and eggs.
Food price inflation, which is generally attributed to supply-side pressures and not amenable to management through policy action, may be returning to haunt India . By spilling over to the rest of the economy, it could force demands for higher wages from drivers to electricians and has the potential to push up overall inflation, including for industrial products.