Global Food Price Rise by 2% in a Row in August, Says FAO
On September 3, the Food Agriculture Organization (FAO) of the United Nations announced that the global food price has risen for the third consecutive month in August due to high demand. The FAO food price index tracked the international prices of the most commonly traded food commodities, which averaged to 96.1 points in August. Reportedly, the points have reached the highest by 2% than the previous month.
Tags: FAO, United Nations, food, FOOD PRICES
Courtesy: ANI News
Retail Inflation Elevates due to Food Prices
Retail inflation rate has raised to 6.93% in July compared to 6.23% in June. Food prices accounted for nearly half of the retail inflation as food inflation accelerated to 9.62% according to Consumer Price Index (CPI). Food prices soared since April due to the supply disruption caused by lockdown. During the second quarter, country's headline inflation is expected to remain the same and may decline thereafter, said RBI governor Shaktikanta… read-more
Tags: RETAIL INFLATION, FOOD PRICES, CPI, RBI, NATIONWIDE LOCKDOWN
Courtesy: Times Of India