NewsX: Onion prices bring tears to Indian eyes
- 5 years ago
An eye-watering rise in the price of onions has contributed to an unexpected surge in Indian inflation that rattled the country's financial markets on Monday and will discomfit the embattled coalition government of Manmohan Singh.
Onion prices have more than tripled over the past year, with the wholesale price up 245 per cent.
Inflation as measured by the wholesale price index jumped to 6.1 per cent in August from 5.79 per cent in July, according to the commerce department, largely because food price inflation jumped to 18.18 per cent from 11.91 per cent in a month.
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Onion prices have more than tripled over the past year, with the wholesale price up 245 per cent.
Inflation as measured by the wholesale price index jumped to 6.1 per cent in August from 5.79 per cent in July, according to the commerce department, largely because food price inflation jumped to 18.18 per cent from 11.91 per cent in a month.
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive