The rise in inflation could partly be attributed to the current spurt in tomato prices across India. The rise in tomato prices is reported across the country, and not just limited to a particular region or geography. In key cities, it rose to as high as Rs 150-160 per kg. Besides vegetables,
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As per the official statement, the Department of Consumer Affairs has instructed the National Agricultural Cooperative Marketing Federation (NAFED) and the National Consumer Cooperative Federation (NCCF) to procure tomatoes from markets in Andhra Pradesh, Karnataka, and Maharashtra, where th
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Bucking the trend, retail inflation in India rose considerably in June to 4.81 per cent, largely due to a sharp spurt in vegetable prices. The inflation index for rural and urban was 4.72 per cent and 4.96 per cent, respectively.
Amid a sharp spurt in tomato prices across the country, the Central government has directed its agencies – NAFED AND NCCF -- to immediately procure the staple vegetable from mandis in key growing states of Andhra Pradesh, Karnataka, and Maharashtra.
Investors now await retail inflation data for June to be released later today. Analysts expect inflation may see an uptick due to the sharp rise in tomato and a relative spurt in pulses prices.
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The FAO Food Price Index which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 122.3 points in June, down 1.4 per cent from May and 23.4 per cent from its peak in March 2022.
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The humble tomatoes are now going at princely rates up north, with the kitchen staple going at Rs 250 per kg in Gangotri Dham and Rs 180 to 200 per kg in Uttarkashi district.
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