Food Inflation Current Affairs, GK & News
WPI inflation at 1.48% in October 2020; Increased for third consecutive month
The Wholesale Price Index (WPI) increased to 1.48% in October 2020. This was the highest in the past eight months. Key Highlights The inflation rate based on WPI Food Index fell from 6.92% in September 2020 t0 5.78% in October 2020. The WPI manufacturing increased to 2.12% in October 2020 as compared to 1.61% in ..
Month: Current Affairs - November, 2020
Category: Economy & Banking Current Affairs
Topics: Food Inflation • Inflation • Manufactured goods • Reserve Bank of India (RBI) • WPI • WPI Inflation
India allows export of onions to Bangladesh
On September 18, 2020, the Directorate General of Foreign Trade lifted the ban on export of onions to other countries including Bangladesh. The decision was made after a long meeting with the Ministry of External Affairs and Commerce. Highlights The lift of Ban came after Bangladesh High Commission complained to India about price hike of onions ..
Month: Current Affairs - September, 2020
Category: International Current Affairs
Topics: Export • Food Exports • Food Inflation • India-Bangladesh • Onions • price rise
Retail Inflation at 5-year high of 7.35% in December, 2019
According to the data released by Ministry of Statistics and Programme Implementation on January 13, 2020, the food inflation increased to 14.12% in December 2019 as compared to 10.01% in November 2019. The CPI (consumer Price Index) rose to 7.35% as compared to 5.54% the previous month. The inflation was increase was mainly due to ..
Month: Current Affairs - January, 2020
Category: Economy & Banking Current Affairs
Topics: Economic growth • Food Inflation • Inflation targeting • Interest Rates • Ministry of Statistics and Programme Implementation (MoSPI) • RBI • target inflation
FICCI study on Onion Price Rise: India should follow Israel, Brazil
India is witnessing price hikes in retail onion up to Rs 100 per kg currently in November 2019. Government had introduced the TOP-Tomato Onion Potato Scheme in 2018-19 Budget to address this problem. However, the scheme has not taken off well. The FICCI (Federation of Indian Chambers of Commerce and Industry) on Novmber 8, 2019, ..
Month: Current Affairs - November, 2019
Category: Reports & Indexes Current Affairs
Topics: Agriculture • Brazil • Climate-Resilient Agriculture • FICCI • Food Inflation • heavy rains • Inflation • israel • Monsoon • Onion Prices
Why WPI is not getting reflected in CPI?
The prices of food items in India are rising at a much faster pace at the wholesale level than the retail end. The wholesale price index (WPI) for food articles has increased from minus 0.21% to 6.98% between September 2018 and May 2019. The increase in the consumer food price index (CPI) doesn t reflect ..
Topics: consumer food price index • CPI • Cyclone Vayu • Drought • Farmers • Food Inflation • Wholesale price index • WPI