Food Inflation Current Affairs, GK & News

Russia withdraws from Black Sea Grain Initiative

Russia recently pulled out of the Black Sea Grain Deal, which was launched to mitigate food inflation caused by conflict in Ukraine. What is Black Sea Grain Initiative? The Black Sea Grain Initiative was an agreement between Russia and Ukraine with Turkey and the United Nations. It sought to create a safe passage of food ..

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World Bank study on Energy Prices

The World Bank recently released the October 2022 edition of the Commodity Markets Outlook. What are the key findings of the Commodity Markets Outlook report? The projections of commodity prices are subject to numerous risks. Energy markets are facing significant supply-related distress due to concerns regarding their availability during the winter season. Higher-than-expected energy prices ..

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CPI inflation reaches 7.41% in September 2022

India’s retail inflation surged to a 5-month high in September, surpassing RBI’s upper margin of 6 per cent for the ninth consecutive time. Key facts Retail inflation, measured using the Consumer Price Index (CPI), has increased from 7 per cent in August to 7.4 per cent in September this year. CPI inflation in the January-March ..

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World Bank’s GDP projection for India

The World Bank had recently downgraded India’s real GDP growth forecast for the Financial Year 2023 (2022-23). Key facts In its latest South Asia Economic Focus Update, the World Bank had slashed India’s real GDP growth forecast from the earlier estimate of 7.5 per cent to 6.5 per cent. It warned that the Indian economy ..

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India’s Retail Inflation in August 2022

India’s retail inflation has reached 7 per cent in August 2022 – well above the RBI’s comfort level of 6 per cent. Key facts India’s Consumer Price Index (CPI)-based inflation has returned to 7% in August 2022. In July 2022, the retail inflation had reduced to a five-month low of 6.71%, after spending the three ..

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Retail inflation in India in April

According to the data released by the National Statistical Office (NSO), retail inflation in April is 7.79%. Rural inflation surged to a near 8-year high of 8.38%, whereas urban inflation was at an 18-month high of 7.09%. What is inflation? Inflation is the general rise in the prices of goods and services in an economy. ..

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