Farm Product Prices on Fire
Prices of major food commodities have been surging
- Jan 24, 2020,
- Updated Jan 24, 2020 5:10 PM IST
Prices of major food commodities have been surging. CPI retail inflation for December 2019 saw a sharp spike to 7.35% from 5.54% in November. For vegetables, it was a massive 53.37% rise, from 36% a month ago. Crop damage has contributed to the rise in the past six months, especially for soyabean and mustard. While onion is an oft-repeated story, potato and garlic prices have also risen sharply.
Prices of major food commodities have been surging. CPI retail inflation for December 2019 saw a sharp spike to 7.35% from 5.54% in November. For vegetables, it was a massive 53.37% rise, from 36% a month ago. Crop damage has contributed to the rise in the past six months, especially for soyabean and mustard. While onion is an oft-repeated story, potato and garlic prices have also risen sharply.