RBI governor Shaktikanta Das has emphasized the need for supply side interventions to address the impact of rising vegetable inflation, specifically tomato prices. Despite the easing of core inflation, headline inflation has increased due to spikes in vegetable prices. Das highlighted the importance of managing food prices and cautioned about the risks of recurring food price shocks. Read more to understand the governor’s perspective on the inflation outlook.
Tomato prices have dropped to Rs 50-70 per kg as fresh crops enter the retail markets. The government plans to continue selling at a discounted rate until prices stabilize. Previously, prices had reached Rs 250 per kg due to unseasonal rains. Consumer Affairs Secretary, Rohit Kumar Singh, reported that prices currently range from Rs 50-70 per kg across the country. With the arrival of fresh crops, prices have started cooling down, especially in states like Madhya Pradesh.
Tomato prices in India have fallen below Rs 100 per kg from the peak of Rs 250-260 per kg. The government is selling tomatoes at a discounted price of Rs 40 per kg. This is the first time ever that the government has had to sell tomatoes at a discounted price. The prices are expected to fall further in the next two weeks.
