Will food cost a little less soon?

Kaushik Basu: Food inflation may fall below 3% within a month

PTI | December 14, 2011



Buoyed by a continuous decline in food inflation over the past five weeks, Chief Economic Advisor Kaushik Basu today expressed hope it may fall below 3 per cent in a month's time.

"I do expect the food inflation to come down below 3 per cent within a month," he said at the Delhi Economics Conclave here.

Also see: Inflation down to 9.11% in November

Basu is the head of a high-level panel appointed by Prime Minister Manmohan Singh to suggest ways to bring down inflation.

Food inflation, which touched a high of 12.21 per cent for the week ended October 22, declined to 6.6 per cent in the week ended November 26.

The latest data on food inflation based on the Wholesale Price Index (WPI) is scheduled to be released tomorrow.

The drop in food inflation, as per the latest available data, was mainly due to a fall in prices of kitchen staples like onions, potatoes and wheat.

Comments

 

Other News

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter