Discover and read the best of Twitter Threads about #FoodInflation
Most recents (4)
Opposition is screaming about Inflation,but India under @narendramodi has curbed #Inflation,versus global peers
#VegetableInflation in India is minus 1.92% in May&Food inflation 5.01%
Globally,#FoodInflation up 39.7%, Cereal up 36.6%,Wheat price up 28% &Maize 89.3%
My thread👇
#VegetableInflation in India is minus 1.92% in May&Food inflation 5.01%
Globally,#FoodInflation up 39.7%, Cereal up 36.6%,Wheat price up 28% &Maize 89.3%
My thread👇
Globally #Inflation is rising because of co-ordinated fiscal stimulus,that has led to asset prices,zooming;For instance,annualized inflation in USA is 9.7%;2yrs back,US was in throes of #Disinflation
$6 trillion stimulus by #Biden has led to too much money chasing too few goods
$6 trillion stimulus by #Biden has led to too much money chasing too few goods
For those wanting to know why the difference in #WPI&CPI,figures well,weights of items in CPI are based on average household expenditure,taken from consumer expenditure surveys
Weightage of Primary articles in #CPI is 55%+,with Food group alone having weight of 39.06%
#Inflation
Weightage of Primary articles in #CPI is 55%+,with Food group alone having weight of 39.06%
#Inflation
CPI@ 4.59% in Dec Vs 6.93% in Nov'20;It is for first time in current fiscal that #CPI,below 6%
In Jan2021,CPI may be lower than RBI forecast of 5.8%,which is good news
#CoreCPI in Dec,5.65% Vs 5.84% MoM
Money market rates,lower than #ReverseRepo,implying low rates here to stay
In Jan2021,CPI may be lower than RBI forecast of 5.8%,which is good news
#CoreCPI in Dec,5.65% Vs 5.84% MoM
Money market rates,lower than #ReverseRepo,implying low rates here to stay
#FoodInflation 3.41% in Dec,Vs 9.43% in Nov
Vegetable Inflation@ -10.41% Vs 15.63%💪
Fuel&Light Inflation@ 2.99% Vs 1.90%
Housing Inflation@3.21% Vs 3.19%
Clothing&Footwear Inflation@ 3.49% Vs 3.30%
Cereal Inflation@0.98% Vs 2.32% (MoM)
Pulses Inflation@15.98% Vs 17.91%
Vegetable Inflation@ -10.41% Vs 15.63%💪
Fuel&Light Inflation@ 2.99% Vs 1.90%
Housing Inflation@3.21% Vs 3.19%
Clothing&Footwear Inflation@ 3.49% Vs 3.30%
Cereal Inflation@0.98% Vs 2.32% (MoM)
Pulses Inflation@15.98% Vs 17.91%
#RetailInflation in Sep@7.34%,Vs 6.69% in Aug,is due to rise in food price index which rose from 9.05% to 10.68%,MoM
Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
By Dec,#CPI should ease& inflationary pressure will abate,due to #BaseEffect& #Kharif arrivals
Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown
With INR@73.11/$ level,threat of imported inflation is minimal
#CoreInflation at sub 6%,bodes well
#economy
Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown
With INR@73.11/$ level,threat of imported inflation is minimal
#CoreInflation at sub 6%,bodes well
#economy
#IIP contraction in Aug at 8% Vs 10.8% in July,is driven by relatively better numbers from #Mining& #ConsumerNonDurables
After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪
#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪
#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
#July #RetailInflation has come@ 6.93% YoY
CPI for April&May,7.22% &6.27%
#Lockdown related supply disruptions led to spike
In hindsight,#RBI's decision not to lower #REPO in Aug meet,stands vindicated
June #CPI revised from 6.09%,to 6.23%&March revised up,from 5.84% to 5.91%
CPI for April&May,7.22% &6.27%
#Lockdown related supply disruptions led to spike
In hindsight,#RBI's decision not to lower #REPO in Aug meet,stands vindicated
June #CPI revised from 6.09%,to 6.23%&March revised up,from 5.84% to 5.91%
June&March revisions led by revisions in #FoodInflation
For example,revised food inflation in June is 8.72%,Vs earlier figure of 7.87%
#July food inflation@ 9.62% saw a sharp rise,driven by rising meat,fish&vegetable prices
#Rural inflation in July was 7.04%,Vs #Urban@6.84%
For example,revised food inflation in June is 8.72%,Vs earlier figure of 7.87%
#July food inflation@ 9.62% saw a sharp rise,driven by rising meat,fish&vegetable prices
#Rural inflation in July was 7.04%,Vs #Urban@6.84%
Good bit in July inflation number is #FuelInflation@ just 2.8%
#CoreInflation in July,excluding food&energy,is slated to be in 5.8-5.8% range
Core inflation in June was 5%&3.8% in March 2020--Spike in July,gives added reason not to lower #REPO which is at 20 year low,currently
#CoreInflation in July,excluding food&energy,is slated to be in 5.8-5.8% range
Core inflation in June was 5%&3.8% in March 2020--Spike in July,gives added reason not to lower #REPO which is at 20 year low,currently
