Inflation in prices of pulses sharpest in a decade

Inflation of other food components down but prices of pulses see a spike, says a report by CRISIL

GN Bureau | November 17, 2015


#Inflation   #prices   #food components   #pulses   #CRISIL  

As the families struggle to maintain balanced diet in view of sky-rocketing prices of pulses, CRISIL research, in a report, has said that this price-rise has been the sharpest in a decade. According to the global analytics company while all food components were seeing a decline in inflation, pulses inflation saw the sharpest spike.

In October, the CPI and WPI inflation for pulses was 42 percent and 53 percent respectively. The overall food inflation this fiscal, meanwhile, has come down to 4.1 percent from 7.6 percent in the same period last fiscal. In the last decade, while overall WPI inflation rate fell to 6.3 percent, pulses inflation has been much higher at 9.4 percent on an average.

“Such high inflation rate in pulses is undesirable for a country where pulses are second most important part of diet after cereals and an average Indian spends nearly 5% of his food expenditure on pulses,” CRISIL research said.

The report highlights increasing apprehension of farmers in growing pulses. “A high fluctuation in prices has meant that farmers are seldom sure of getting stable returns. This may have led to large-scale substitution of area under pulses cultivation with other high-value crops that give comparatively higher returns.”

“Pulses are highly risk-prone because most of the production is rain-dependent. Barely 16% of total pulses area is covered by irrigation and, hence, the crop is highly vulnerable to monsoon shocks,” the report said.

Governance Now has reported on reasons behind price-rise of pulses, and an on-ground report on its impact on daily expenditures of the masses:

Why your dal is so costly

"Urad dal and moong dal are Rs 200 a kilo. Is that development?"

Comments

 

Other News

Mumbai Development Plan annoys activists and experts

Approximately one-eighth of Mumbai’s existing landmass is proposed to be added for development works, especially for housing of low income groups. Maharashtra CM Devendra Fadnavis gave green signal to the 2034 development plan that will make more land available by adding over 3,650 he

My musical journey has been really beautiful: Harshdeep Kaur

Harshdeep Kaur is a playback singer better known for her Sufi renditions. She sings Hindi as well as Punjabi. She sang ‘Ik Onkar’ in Rang De Basanti apart from several other soulful songs. Her track ‘R.I.P.’ composed by AR Rahman was part of Oscar-winner Danny Boyle’s film

BJP lawmakers top the list in hate speech cases

Out of all MPs and MLAs in office, 58 have declared cases related to hate speech. This includes union minister for drinking water and sanitation Uma Bharti along with 14 other Lok Sabha MPs. The list also includes 8 state ministers. A party wise analysis reveals that BJP has the highest numb

After its withdrawal from Meghalaya and Arunachal, is it time to review AFSPA in other areas too?

After its withdrawal from Meghalaya and Arunachal, is it time to review AFSPA in other areas too?

Togadia, Sinha and anti-Modi prejudices masked by empty rhetoric

There is an uncanny similarity in the pathological opposition to prime minister Narendra Modi by two members of the right wing, Pravin Togadia and Yashwant Sinha. They come from a diverse social and political background; yet they share a common strand that shows an unmitigated hatred towards

“We are becoming American digital colonies”

Data is the new oil; and it needs to be protected. In an interaction with Governance Now, Lionel Baraban, CEO of Famoco, talks about how the French tech firm is developing secure business devices to safeguard data against going to other countries. What are the major roles o

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter