Data | The crux of the tomato price hike
The Hindu
Rise in prices of tomatoes was induced by a drastic fall in supply and when demand surged, traders and retailers increased their mark-ups
In November, . Along with eggs, these were the only two items that recorded a fall. However, not all vegetables followed this trend. Tomatoes were an outlier with a staggering 31% rise in costs. were induced by a drastic fall in supply. Also, when demand surged, traders and retailers increased their mark-ups, inflating prices further.
India's retail inflation rate, measured by the Consumer Price Index, stood at 4.91% in November. The price of oils and fats, fuel and light, and transport and communications increased the most in November. On the other hand, vegetable prices contracted by 13.62%.
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