Showing posts with label Price rise. Show all posts
Showing posts with label Price rise. Show all posts

Friday, July 24, 2009

Fruits, vegetables out of reach?

The delay in monsoon has sent food prices soaring across the country, even though inflation has been negative for the past five weeks. Here's a report on how its impacting your household budget.

The impact of a delayed and deficient monsoon has now started showing up in the monthly budget. NDTV visited a vegetable shop in south Delhi to tell you just how much prices have gone up in the last two weeks.

The price of cauliflower has gone up from Rs 40 per kg to Rs 50 rupees per kg, capsicum from Rs 35 to 50, and for a kg of onions, you shell out Rs 20 instead of Rs 15 two weeks ago.

"My customers are complaining. In two weeks, prices are up 30-40 per cent. They say prices are too high, we don't know what to buy," said a fruit seller.

It's not just fruits and vegetables; even prices of edible oils, pulses and cereals have been rising up nearly 20 per cent. This has happened despite the negative inflation for the past five weeks.

It's the poor monsoon that is playing spoilsport, and in turn is leading to a lower crop output and panic buying.

"Kharif crop comes only by October. So if there is any price rise, it's more because of speculation," said T Nanda Kumar, secretary, Agriculture.

Experts have said if the monsoon continues to be weak, growth may even slip to 4.5 per cent.

The government is working on a contingency plan. Otherwise a patchy monsoon will dry up India's green shoots of recovery.

Thursday, July 23, 2009

Soaring prices: Vegetables pushed off the menu

The impact of a delayed and deficient monsoon is being felt most by the poor. While tur dal used in sambar is selling at nearly Rs 100 a kg, now vegetables have disappeared from the menu of many.

NDTV found that in a Mumbai slum, there are many families who simply cannot afford vegetables any longer.

"We can't afford vegetables. We started eating them just once or twice a week. This month we haven't bought vegetables at all," said Pramila Manjalkar, a slum resident.

Pramila's family has eight members. There cumulative income is Rs 3,500. In January, their monthly food bill was Rs 2,000, and this month, it's a thousand rupees more. The result of it is that their meal is now restricted to just rice and dal.

"We have started mixing tur dal with moong and masoor dal," said Kavita Manjalkar, another slum resident.

Next door, Shubhangi Rodge, a domestic worker, has been forced to take on more jobs.

"Earlier I used to work in one house but now I work in three homes. But there are no savings. I have to borrow Rs 100-500 a month," said Shubhangi.

So far, she has managed to pay her children's school fees. But if prices continue to soar, their education could be the next casualty.