The spike in vegetable prices, led by tomatoes, will exert sizeable upside pressures on the near-term headline inflation trajectory, according to the minutes of the MPC meeting released by the RBI on Thursday. It said the possibility of a second round impact of food price shocks on the overall inflation prompted RBI MPC to opt…
Even as the prices of vegetables like tomato and green chillies recently jumped pushing inflation upwards, RBI Governor Shaktikanta Das on Thursday said that going by the past trends, vegetable prices may see a significant correction after a few months. “Headline inflation, after reaching a low of 4.3 per cent in May 2023, rose in…
Finance Minister Nirmala Sitharaman on Thursday, August 10, said the country has started importing tomatoes from Nepal. It comes after a record high spike in the kitchen staple’s prices in the country. The first lot of tomato imports are likely to reach by Friday in Varanasi, Lucknow and Kanpur, the finance minister said in parliament….