Every third year, pulses catch price-fire
Nov 20, 2015 | 19:17 PM IST
Nov 20, 2015 | 19:17 PM IST
Inflation has come down sharply this year for three reasons: the decline in global crude oil and commodity prices, sluggish domestic demand conditions, and softening food inflation. Of these, the biggest contributor to the decline in the consumer price inflation (CPI) has been food prices. Carrying a 39.1% weight in the CPI, food inflation is down to 4.1% so far this fiscal compared with 7.6% in the same period last fiscal. But while nearly all food components are seeing a decline in inflation, pulses inflation has seen the sharpest spike in a decade. The CPI and WPI inflation for pulses was 42.2% and 53%, respectively in October.
Data shows a clear pattern of spike in pulses inflation every third year. This year though, the peak is higher than the previous two peaks. There are several factors behind high inflation in pulses in general and its frequent spikes. Our report looks at some of these factors in detail.Read More>>
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