A 19-kg commercial cylinder costs Rs 2,253 in Delhi, while it costs Rs 2,205 in Mumbai. Liquefied petroleum gas (LPG) prices for commercial cylinders were also hiked by Rs 250 starting in April. The new price is the highest so far from 2014. The new price became applicable from April. Fuel prices have not been hiked for the past seven days.Īlso, the government announced on March 31 that the prices of domestic natural gas will be $6.10 per MMBtu – double from $2.9 per MMBtu, which was the price when the announcement was made. Petrol in Delhi and Mumbai are at Rs 105.41 and Rs 120.51, while diesel is at Rs 96.67 and Rs 104.77 per litre. Since March 22, there have been 14 revisions, leading to an increase in petrol and diesel rates by Rs 10 each. Now, transportation costs have risen due to rising fuel prices. In vegetables, inflation quickened to 11.64 per cent in March while in 'meat and fish' the rate of price rise stood at 9.63 compared to February 2022. Ukraine is a major exporter of sunflower oil. Edible oil prices were also elevated, and Governor Das said that edible oil price pressures are likely to remain elevated in the near term due to export restrictions by key producers as well as loss of supply from the Black Sea region.Īlso read: Vegetable prices shoot up in Delhi-NCR lemon rates past Rs 300/kgĪs the CPI data shows, inflation in 'oils and fats' in March soared to 18.79 per cent as the geopolitical crisis due to the Russia-Ukraine war pushed edible oil prices higher. Tomatoes were in the range of Rs 40-45, while onions were for Rs 40 per kilo. While lemons were short in supply due to the destruction of crops by a cyclone in Gujarat, prices of other items shot up due to transportation costs. Reports stated that lemons – a staple during warm Indian summers – had touched Rs 300-350 per kg at Delhi’s Lajpat Nagar market. The CPI data is an affirmation of what Indian markets were complaining about recently. They wanted very much that everything what is happening would impact domestic political processes in Russia – they always made that kind of mistake, without understanding that when faced with difficult conditions Russian people always unite," he had said. At least not until rates cross 9%, estimates Dhaval Ajmera, director at realty developer Ajmera Realty and Infra India.Īnalysts said rising house prices would also feed into higher demand for services like electricity and repairs, ultimately working their way into the overall inflation basket.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.Russian President Vladimir Putin foresaw this. "I can assure you, when people face rising prices of petrol, food, unprecedented inflation rate – it will impact domestic political processes. Higher interest rates have not been much of a deterrent so far and are unlikely to affect demand going forward. Even on the demand side, it continues to remain strong, which will push prices higher," she added. Realtors will continue to push the rise in input prices to consumers. "While global commodity prices have eased, they still remain elevated. In fact, housing prices will rise steadily in the next few years, roughly in line with overall economic growth, a Reuters poll of property experts last month showed.īank of Baroda's Gupta echoed that prediction. While housing prices are not part of the consumer price inflation basket, their effect is captured through construction and raw material prices, and analysts do not expect a slowdown any time soon. That was mainly due to a rise in both input costs and post-COVID demand. HOUSE PRICES TOO SOARA housing price index, compiled by the RBI to capture home sales, also shows a steady rise to its highest in over a decade as of the quarter ended September last year.Īverage house prices in the top seven cities - National Capital Region, Kolkata, Mumbai Metropolitan Region, Pune, Hyderabad, Chennai and Bengaluru - increased 4%-7% between October and December, according to Anarock. Harsh V Bansal, Director of Unity Group and Convenor of CII Delhi sub-committee on Real Estate shares, the key pain points of the real estate sector and his Budget wishlist. But, going ahead, rising input costs and the cost of borrowing can have an adverse effect. Residential real estate sales in India have breached 2021 levels, witnessing a 50 per cent YoY growth. The growth outlook of the Indian real estate sector looks good after a once-in-a-century pandemic.
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