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Rising cost of food UPSC NOTE

 

  • Food inflation likely hardened further in June from the 8.7% mark recorded in April and May, going by Crisil’s food plate cost tracker

  • Home-cooked vegetarian meal’s cost rose 10% year-on-year to a six-month high, while non-vegetarian meal costs hit a seven-month peak.

  • A large part of the rise in June’s vegetarian meal costs was driven by a surge of 30%, 46% and 59% in prices of tomato, onion and potato (TOP), respectively. 

  • On a month-on-month basis, prices of tomato, onion and potato rose 29%, 15% and 9%, respectively, due to lower arrivals.

  • A dip in acreage, resulting in subdued arrivals, has led to a 13% on-year increase in the price of rice (accounting for 13% of the veg thali cost), while a dry spell in key kharif months impacted production of pulses, leading to a price increase of 22% on-year


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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Rising cost of food UPSC NOTE
Rising cost of food UPSC NOTE
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