Page 44 - Programme Implementation News Today

Tomato prices are high right now. But they were even higher last year. This has meant that despite the spike in prices, the inflation rate has actually contracted.

During monsoons, a rice in vegetable prices has almost become a norm now. But this year, the prices of pulses have gone up nearly 10 per cent. As per rating agency Crisil, the inflation rate of pulses has nearly doubled in the last five months.

SBI Research, in its latest Ecowrap report, noted that a continued vigil on the evolving inflation outlook is warranted given the erratic progress of monsoon and its impact on Kharif crop sowing, and subsequently on overall food inflation.

The GIFT Nifty indicates a flat start for the broader index with a loss of 11.5 points on Thursday. The futures stood at 19,553.5.

Indian tomato prices have soared due to adverse weather, causing a fivefold increase in prices. Bollywood actor Suniel Shetty has also been affected by the rise in prices, consuming less tomatoes and ordering vegetables through an app.

Retail inflation in India rose to a three-month high of 4.81 per cent in June from 4.25 per cent in May, government said

Bucking the trend, retail inflation in India rose considerably in June to 4.81 per cent, largely due to a sharp spurt in vegetable prices.

The retail Inflation rose to 4.81 percent in June from 4.31 percent in May.

SBI Research, in its latest Ecowrap report, noted that a continued vigil on the evolving inflation outlook is warranted given the erratic progress of monsoon and its impact on Kharif crop sowing, and subsequently on overall food inflation.

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