{"id":300119,"date":"2024-06-15T19:32:45","date_gmt":"2024-06-15T14:02:45","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=300119"},"modified":"2024-06-15T19:32:45","modified_gmt":"2024-06-15T14:02:45","slug":"high-food-price-despite-slight-decrease-in-inflation","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/high-food-price-despite-slight-decrease-in-inflation\/","title":{"rendered":"High food price despite slight decrease in inflation"},"content":{"rendered":"<p><strong>Source<\/strong>: The post high food price despite slight decrease in inflation has been created, based on the article \u201c<strong>Food factor: Policymakers must keep in mind that inflation hits the poor the hardest<\/strong>\u201d published in \u201c<strong>The Hindu<\/strong>\u201d on 15th June 2024<\/p>\n<p><strong>UPSC Syllabus Topic:<\/strong> <strong>GS Paper 3<\/strong> \u2013 Indian Economy- Growth and Development<\/p>\n<p><strong>Context<\/strong>: The article discusses how food prices in India, especially for vegetables and pulses, remained high last month despite a slight overall decrease in inflation. Prices for items like tomatoes, onions, and potatoes increased significantly both at retail and wholesale levels.<\/p>\n<p>For detailed information on <strong>Inflation in India- Reasons and Solutions<\/strong> <a href=\"https:\/\/forumias.com\/blog\/inflation-in-india-reasons-and-solutions-explained-pointwise\/\">read this article here<\/a><\/p>\n<h2><strong>What Is the Current Status of Retail Inflation?<\/strong><\/h2>\n<p>Retail inflation eased to a 12-month low of 4.75% in May.<\/p>\n<p>Food price inflation remains high at 8.69%, driven by vegetables and pulses.<\/p>\n<p>Vegetable inflation stayed above 27% for six months, reaching 27.3% in May.<\/p>\n<p>Prices for tomatoes, onions, and potatoes increased by 1.5%, 0.5%, and 15.1% respectively.<\/p>\n<p>Cereal prices rose, with rice up 13%, wheat 5.7%, and wheat flour 4.7% year-on-year.<\/p>\n<p>Pulse prices, including gram dal, tur, urad, and moong, increased by 17%, 27%, 13%, and 8.5% respectively.<\/p>\n<h2><strong>What are the concerns related to inflation in India?<\/strong><\/h2>\n<ol>\n<li><strong> Urban Areas Hit Harder:<\/strong> Urban consumers are experiencing higher food inflation, with a recent high of 8.83% in cities and towns.<\/li>\n<li><strong> Impact of Weather on Prices:<\/strong> The India Meteorological Department noted a rainfall deficit of 12% since the start of June, which could influence future food prices, despite predictions of an &#8216;above normal&#8217; monsoon.<\/li>\n<\/ol>\n<p><strong>Question for practice:<\/strong><\/p>\n<p>Discuss the impact of recent inflation trends on vegetable and pulse prices in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post high food price despite slight decrease in inflation has been created, based on the article \u201cFood factor: Policymakers must keep in mind that inflation hits the poor the hardest\u201d published in \u201cThe Hindu\u201d on 15th June 2024 UPSC Syllabus Topic: GS Paper 3 \u2013 Indian Economy- Growth and Development Context: The article&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/high-food-price-despite-slight-decrease-in-inflation\/\">Continue reading <span class=\"screen-reader-text\">High food price despite slight decrease in inflation<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[216,8184,10498],"class_list":["post-300119","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","tag-indian-economy","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/300119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=300119"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/300119\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=300119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=300119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=300119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}