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

“Key milestones achieved in Assam”

In an interview with Governance Now, Anil Kumar Jha, special DGP, CID, Assam, who is also nodal officer for the CCTNS project, speaks of what the system in its present form has helped his state achieve. What is the current status of CCTNS in Assam and its outcome?

Crime tracking project: Bugged from the beginning

A stand-off between the ministry of home affairs (MHA) and software development firm Wipro seems to have long held up the Rs 2,000 crore crime and criminal tracking network and systems (CCTNS) project, conceptualised ten years ago. The project aims to digitise and connect all police stations in the country

Activists question displacement and dispossession of marginalised communities

Questioning the development model pushed ahead for profit oriented growth, social and political activists, academicians, financial analysts and civil society organisations are holding a three day confluence of Peoples’ Convention on Infrastructure Financing in Mumbai.     &nb

The enemy within

About one-fourth of India’s elderly face abuse at the hands of those they trust the most – the son (52%)  followed  by the daughter in law (34%),spouse/partner (14%), daughter(6%)  grandchild (6%), son in law(3%), parent(1%) and care giver(1%), reveals a report by the HelpAge Ind

Who has been investing in India through Mauritius?

The official statistics provided by the department of industrial policy and promotion (DIPP) under the ministry of commerce and industry shows that between January 2000 and December 2017, India received $368 billion of foreign direct investment (FDI). It also says that Mauritius was the source of $125 bill

The neighbour and the valley

The declaration communicated through the director general of military operations (DGMO) of Pakistan and India on May 29, 2018, to implement the ceasefire agreement of 2003 between the two countries in “letter and  spirit” has opened up an opportunity to restore peace in the disturbed Kashm

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter