India annual retail inflation increased
significantly from 4.87% in June to a 15-month high of 7.44% in July.
In an effort to increase domestic availability of the vegetable, India will immediately impose a 40% export duty on onions up until December 31. India’s annual retail inflation increased significantly from 4.87% in June to a 15-month high of 7.44% in July.
Food inflation was 11.51%, making up over half of the total consumer price basket. Since January 2020, retail food inflation has reached a record high.
Tomatoes, onions, peas, brinjal, garlic, and ginger are some of the most popular vegetables in Indian cuisine, and their prices have more than doubled recently.
Trend, India is expected to have its driest August in more than a century, according to two weather department officials, who told Reuters on Friday.
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