Food Inflation Current Affairs, GK & News

October WPI at 5-month high

Ministry of Commerce & Industry released its data on Wholesale Price Index (WPI) on November 15, 2021. Key Points As per Ministry’s data, provisional Wholesale Price Index (WPI) based inflation have been accelerated to a five-month high to 12.54% in October 2021 as against 66% recorded in September. This rise was attributed to an increase ..

Month: 

Category: 

Topics: 

RBI Monetary Policy Committee Announcements

Three-membered Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained an accommodative stance and kept the repo rate unchanged at 4 per cent, in order to revive & sustain growth and reduce the impact of Covid-19 pandemic. Key points Monetary Policy Committee has also ensured that inflation remains within the target. Reverse ..

Month: 

Category: 

Topics: 

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: 

Category: 

Topics: 

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: 

Category: 

Topics: 

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: 

Category: 

Topics: