Food Inflation: Current Affairs, GK & News - 2020-2021

WPI inflation at 1.48% in October 2020; Increased for third consecutive month

Published: November 17, 2020

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 ..

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India allows export of onions to Bangladesh

Published: September 19, 2020

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 ..

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Retail Inflation at 5-year high of 7.35% in December, 2019

Published: January 14, 2020

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 ..

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FICCI study on Onion Price Rise: India should follow Israel, Brazil

Published: November 9, 2019

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, ..

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Why WPI is not getting reflected in CPI?

Published: June 20, 2019

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 ..

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