NEW DELHI: India’s food price inflation is likely to come down by the year-end, as per estimates made by the country’s planning department. According to Planning Commission deputy chairman Montek Singh Ahluwalia, while overall food price inflation is expected to come down by the year-end, vegetable prices, in particular, would fall by December-January. “Food price inflation by the end of the current...
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food price inflation is likely to come down by theyear-end, as per estimates made by the country’s planningdepartment.According to Planning Commission deputy chairman MontekSingh Ahluwalia, while overall food price inflation is expected to come down bythe year-end, vegetable prices, in particular, would fall byDecember-January.“Food price inflation by the end of thecurrent fiscal would be significantly...
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Although year-on-year inflation is still only 1.2 per cent, strong upward trends seen in the Wholesale Price Index (WPI) inflation and the persistence of high Consumer Price Index (CPI) inflation are a cause of concern, the Reserve Bank of India (RBI) said in its pre-monetary policy review today.The WPI inflation has risen by 5.9 per cent over its end-March 2009 level, while CPI inflation has been...
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Inflation is defined as an increase in the prices of a group of goods and services that project the economy. An increase in the inflation rate occurs when there is an increase in the average level of prices of goods and services. Inflation is when there are lesser goods and more buyers. This will result in an increase in the prices of goods, since there is more demand and less supply. Inflation is...
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Government introduces monthly inflation series; primary article inflation declines 0.1 per cent for the week ending October 24.Details awaited...
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Inflation may soar to 10 percent in India by March 2010 due to rising prices of manufacturing goods and food, according to industry lobby Assocham.The fact that inflation is starting from a low base will add to the problem. The Wholesale Price Index (WPI) will keep rising to touch the 252-mark on March 27, 2010, and inflation will reach 10 percent, the Associated Chambers of Commerce and Industry of...
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Food inflation inched up to 13.3 per cent for the week ended October 24, primarily due to rising prices of potatoes and onions, against 12.85 per cent in the previous week ended October 17.Meanwhile, the government today introduced a new system for presenting inflation data of only primary articles and fuel products on a weekly basis. The overall inflation figures would now be known in the middle of...
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) expects the annual inflation rate in India to be 6.5 per cent by next March. Prior to this the central bank had predicted the inflation rate at 5 per cent.INFLATION IS likely to rise to 6.5 per cent this fiscal. The Reserve Bank of India ("Keeping in view the global trend in commodity prices and the domestic demand-supply balance, the baseline projection for wholesale price index (WPI) inflation...
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Inflationis defined as an increase in the prices of a group of goods and services thatproject the economy.Anincrease in the inflation rate occurs when there is an increase in the averagelevel of prices of goods and services. Inflation is when there are lesser goodsand more buyers. This will result in an increase in the prices of goods, sincethere is more demand and less supply. Inflation is a sustained...
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India will release its first monthly wholesale price inflation data onNovember 14, a government official said on Thursday.The data was earlier scheduledto be released on Thursday. "We will release today weekly inflation data onprimary articles and fuel products only and monthly inflation data will bereleased on Nov 14," Rajiv Jain, spokesman at the Ministry of Commerce andIndustry told said.When askedwhether...
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