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.
Congress MP Manish Tewari said, "It is a 'vote-on-account' budget which has only one purpose to keep the government solvent for the first quarter of the current fiscal year."
The annual rate of inflation based on the all India Wholesale Price Index (WPI) for December rose to 0.73 per cent, a nine-month high, according to government data on Monday.
The recent surge in inflation, charac- terised by supply chain disruptions, pent-up demand, and geopolitical events, prompts us to re-evaluate con- ventional wisdom on inflation management.
According to MoSPI data, the highest inflation was recorded in the food and beverages category at 8.70 per cent.
Inflation in the US rose more than expected in December thanks to a jump in energy and housing costs, underscoring the challenge of taming price pressures within the economy, reports said.
