Key Points
Most Indians are reeling under the red hot price spike of daily food items such as tomato, ginger, chilly, brinjal and cumin..
The El Nino influence paired with a delayed impact of constantly reducing WPI on retail inflation is expected to make the situation worse for consumers.Indian.
The El Nino influence paired with a delayed impact of constantly reducing WPI on retail inflation is expected to make the situation worse for consumers.Indian consumers' plight amid rising prices is about to get worse (Representative image)...
"Factors that can constrain the pace of growth include escalation of geopolitical stress, enhanced volatility in global financial systems, sharp price correction in global stock markets, high magnitude of El Nino impact, and modest trade activity," it said...
"The supply situation is extremely tight, and decrease in Indian exports could potentially cause global prices to surge," Reuters quoted a Singapore-based dealer with a global trading house, as saying...
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