November inflation figures may bear imprint of rise in onion prices

Published 2024년 11월 7일

Tridge summary

Onion prices in Pune have surged by 21% in four days, reaching a five-year high of over ₹60 per kg due to September rainfall affecting the new crop's arrival, impacting inflation data for November. This price hike, along with increased costs of tomatoes, potatoes, and cooking oils, has led to a rise in the prices of both vegetarian and non-vegetarian thalis in October. While Crisil predicts stabilization of tomato and onion prices in November, potato prices may remain high for longer. The Reserve Bank of India expects a higher Consumer Price Index for October compared to September's 5.5%. Additionally, nominations for the ET MSME Awards are open until November 30, 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pune: A 21% increase in onion prices in just four days to a five-year high of more than ₹60 per kg in several markets is likely to weigh on inflation data for November, said market experts. Potato and cooking oil prices are also expected to stay higher this month, the experts said. #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} US Election 2024US Election Result Live ...

Source: Economic times