FOOD INFLATION IN INDIA

Changing pattern of food inflation

http://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/changing-pattern-of-food-inflation/article4846947.ece

During UPA-1, the increase in food grain prices (by around 53 per cent) was more than double the increase in the general price level, and also much higher than the general food index. But during UPA-2 thus far, food grain prices have moved along with the general price index, while the composite food index has moved much faster, rising by nearly 60 per cent in just four years.

The major elements of this are fruits and vegetables, sugar, milk, eggs meat and fish and edible oils, as indicated in Chart 5. In the four years of UPA-2, prices of fruits and vegetables and milk have gone up by close to 60 per cent, while prices of eggs, meat and fish have more than doubled. This indicates that the nature of food price inflation has changed to some extent.

 In the past four years of the UPA-2 Government, prices of both cereals and pulses have increased by nearly 40 per cent – still very high rates for a dominantly poor country. (It is worth noting that lower increases of food inflation have been associated with increased public diasaffection and widespread protests in countries at much higher levels of per capita incomes like Brazil.) Further, in the first few months of 2013, cereal prices have started rising faster than other food prices once again, suggesting that this may become an important concern very quickly.

While the central government has been anxious to score political points by belatedly trying to pass a flawed Food Security Bill that has been pending for years, it has done very little to revive the Public Distribution System and ensure that it is more effective in its functioning. This is in stark contrast to some state governments that have already shown that it is possible to have an effective system of public procurement and distribution of food grain and even other food items (such as Tamil Nadu and Kerala) and others that have recently expanded and reformed their systems (such as Chhattisgarh and Orissa).

 

Inflation rises to 4.86 per cent in June, onion prices shoot up

 

http://businesstoday.intoday.in/story/inflation-rises-to-4.86-per-cent-in-june-onion-prices-up/1/196865.html

INDIA INFLATION RATE

http://www.tradingeconomics.com/india/inflation-cpi

Food Inflation Videos

http://www.ndtv.com/topic/food-inflation/videos/

Food prices worry govt ahead of 2014 elections

http://articles.timesofindia.indiatimes.com/2013-03-09/india/37580554_1_food-inflation-consumer-price-inflation-food-prices

WHAT IS WIKIPEDIA DEFINATION OF INFLATION

http://en.wikipedia.org/wiki/Inflation

 inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.[2][3] 

 Why rupee depreciation is bad news for the economy

http://articles.economictimes.indiatimes.com/2013-06-21/news/40119506_1_rupee-depreciation-indian-economy-all-time-low

Rupee depreciation to hurt India Inc: CRISIL Research

http://www.moneycontrol.com/news/crisil-research/rupee-depreciation-to-hurt-india-inc-crisil-research_915030.html

Top 20 stocks that may get impacted from rupee depreciation

http://articles.economictimes.indiatimes.com/2013-06-22/news/40134478_1_rupee-depreciation-weak-rupee-us-dollar

Rupee depreciation widens diesel losses to Rs. 9.45 per litre

http://profit.ndtv.com/news/economy/article-rupee-depreciation-widens-diesel-losses-to-rs-9-45-per-litre-324495

When rupee depreciates, exporters get more for each dollar of sale proceeds. 

Causes of Inflation: Market Power

Iran asks India to settle all oil payment in rupees: Govt sources

http://timesofindia.indiatimes.com/business/india-business/Iran-asks-India-to-settle-all-oil-payment-in-rupees-Govt-sources/articleshow/21023851.cms

What Actually Causes Inflation

http://www.forbes.com/sites/johntharvey/2011/05/30/what-actually-causes-inflation/

 

 

India cuts Iran oil imports 42%, takes Venezuela and others

http://www.moneycontrol.com/news/economy/india-cuts-iran-oil-imports-42-takes-venezuelaothers_900102.html

 

http://timesofindia.indiatimes.com/india/Kachatheevu-island-unites-TN-arch-rivals/articleshow/21092919.cms

 

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