Global Statistics

All countries
704,753,890
Confirmed
Updated on June 22, 2024 7:00 pm
All countries
560,567,666
Recovered
Updated on June 22, 2024 7:00 pm
All countries
7,010,681
Deaths
Updated on June 22, 2024 7:00 pm

Global Statistics

All countries
704,753,890
Confirmed
Updated on June 22, 2024 7:00 pm
All countries
560,567,666
Recovered
Updated on June 22, 2024 7:00 pm
All countries
7,010,681
Deaths
Updated on June 22, 2024 7:00 pm
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Vegetables in India to cost more for longer on erratic monsoon

Erratic monsoon rains in India have led to delayed planting and damaged ripening crops, causing vegetable prices to remain high for an extended period. Official data shows that vegetable prices, which contribute to 6% of the consumer price index (CPI), reached a seven-month high in June, rising by 12% month-on-month. Typically, prices ease from August with the harvest reaching the market. However, this year, traders anticipate high costs persisting until October due to tight supplies. Staples like onions, beans, carrots, ginger, chillies, and tomatoes, essential for consumers, are affected. These elevated prices are not only a concern for voters before upcoming state elections but also pose a risk to retail inflation, expected to reach a seven-month high in July. Consequently, the Reserve Bank of India (RBI) might face constraints in lowering rates this year.

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