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Wholesale Inflation rises to 2.59 pc in December on costlier veggies

-PTI Wholesale prices based Inflation surged to an eight-month high of 2.59 per cent in December, as against 0.58 per cent in November due to sharp rise in prices of food articles like onion and potato. Wholesale prices based Inflation surged to an eight-month high of 2.59 per cent in December, as against 0.58 per cent in November due to sharp rise in prices of food articles like onion and potato. The annual...

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Price turnaround: These farmers aren't crying -Gopal B Kateshiya

-The Indian Express Food Inflation isn’t a bad thing, at least for onion growers. Rajkot/ Bhavagar (Gujarat): AS THE winter sun turns red on the western horizon, Kishor Ranpariya and Haresh Saipariya discuss the overall crop situation and wholesale price trends. The former has just returned after selling 63.51 quintals of onion at the agricultural produce market committee (APMC) mandi in Rajkot, about 25 km from his home in Rataiya village in...

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A rough patch

-The Indian Express High Inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth. Latest Inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark repo rate. Retail Inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per...

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Onions shouldn't hold up review of Inflation target -Karan Bhasin

-Livemint.com With the term of the current monetary policy committee ending in September, it’s time to review the performance of the rate-setting framework Last year, there were calls to review RBI’s Inflation targeting framework. With the term of the current monetary policy committee ending in September, it’s time to review the performance of the rate-setting framework. Mint explains the debate around this. * What are the terms of the policy framework? In 2016, the...

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Retail Inflation rises sharply to 7.35% in Dec 2019 from 5.54% in Nov

-PTI In Nov, retail Inflation had jumped to a more than three-year high of 5.54 per cent on costlier food products Retail Inflation rose to about five-and-half year high of 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to spiralling prices of vegetables as onions were selling costlier. The unexpected jump in Inflation diminished the chances of the RBI cutting interest rate at its next monetary policy review...

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