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: Current Affairs - November, 2021
Category: Economy & Banking Current Affairs
Topics: Consumer Price Inflation index-based inflation • Food Inflation • WPI • WPI Inflation
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: Current Affairs - October, 2021
Category: Economy & Banking Current Affairs
Topics: Bi-monthly monetary policy • CPI inflation • Food Inflation • GDP forecast • RBI Monetary Policy Committee
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