DESPITE a good monsoon and better outlook for kharif and rabi crops, prices of food grains, edible oil and vegetables have seen steep hikes in the past two months, according to government and market data.
India's retail inflation rose to a nine-month high in September due to higher food prices, government data shows. Annual retail inflation, based on the all-India Consumer Price Index, rose to 5.49% in September, higher than 3.65% in August.
Food inflation rose 9.24% annually compared to a 5.66% rise in August, according to the ministry of statistics and programme implementation. This is highest after June 2024 (9.36%) and December 2023 (9.53%).
This story is from the October 27, 2024 edition of The New Indian Express.
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This story is from the October 27, 2024 edition of The New Indian Express.
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