Price of tomato declining: Centre
The Centre on Sunday claimed that the retail prices of tomatoes are on the decline with the fall in mandi prices.
The Centre on Sunday claimed that the retail prices of tomatoes are on the decline with the fall in mandi prices.
The Consumer Price Index (CPI) inflation for October is recorded at 6.21 per cent on year-on-year basis. Corresponding inflation rates for rural and urban are 6.68 per cent and 5.62 per cent, respectively, Ministry of Statistics and Programme Implementation (MoSPI) said on Tuesday.
India’s inflationary pressures are back in the spotlight, as food prices surge amid unpredictable weather patterns and shifting global dynamics.
The US Federal Reserve's latest rate cut signals a nuanced approach to managing economic stability amid shifting pressures on inflation, employment, and political changes.
Speaking at a media event, the Governor assured that the RBI is prepared to act with strength and agility, likening the Indian economy to a tiger for its resilience amid fluctuating global conditions.
India's July retail inflation rate of 3.54 per cent has reached a five-year low, signalling a positive shift for the economy. This decline, largely due to a decrease in food inflation and a favourable base effect, has exceeded expectations and brought relief to consumers and policymakers alike.
The inflation in food prices stood at 3.45% during the month, compared to 10.87% in June.
In an era marked by economic turbulence and fluctuating market sentiments, the Reserve Bank of India’s (RBI) decision to hold its key interest rate steady at 6.50 per cent for the ninth consecutive policy meeting speaks volumes about its strategic approach to monetary policy.
In June, South Africa's annual food inflation hit the lowest level in 45 months since September 2020, the data showed.
The first post-election Union Budget has sparked significant interest, particularly due to its dual focus on job creation and rural development.
