Food prices in New Zealand increased 1.2 per cent in the 12 months to September 2024, following a 0.4 per cent increase to August 2024, New Zealand's statistics department Stats NZ revealed on Friday.
The recent statements from the Reserve Bank of India (RBI) highlight a critical challenge that the Indian economy faces: high food prices obstructing the path to stable inflation.
The report, released on Thursday, also said that going forward robust foreign inflows and comfortable trade deficits are expected to keep the rupee within a comfortable range.
Vegetable inflation registered a rate of 17.7 per cent, while the inflation for fuel and light experienced a contraction of (-)0.77 per cent.
Food prices in Sweden surged over 20 per cent for the past 12 months, registering the highest increase in over seven decades, according to official data.
India's retail inflation rose to 7 per cent in August from 6.71 per cent in the previous month due to a sharp rise in food prices, as per the government data released on Monday.
Reserve Bank of India’s six-member Monetary Policy Committee decision to keep the repo rate unchanged at four per cent is a step in the right direction, especially when it is borne in mind that inflation is now on the rise.
Around 90 per cent of its vegetable produce in Basirhat sub-divison have been destroyed after being submerged in rainwater as the Cyclone Amphan breached hundreds of river embankments.
Khan also shared that all the relevant government agencies have begun an "in-depth probe" into the hike in flour and sugar prices.
Lower food prices eased India’s October retail inflation to 3.31 per cent from a rise of 3.70 per cent in…
