NEWS – Food and Consumer Affairs Minister Launches Version 4.0 Price Monitoring System (PMS) Mobile App

HIGHLIGHTS

• Launch: Version 4.0 Price Monitoring System (PMS) Mobile App
• Date: August 1, 2024

Updates:

• New Commodities: 16 additional items added to monitoring, bringing the total to 38 commodities
• Previous Coverage: 22 commodities
• New Items Include: Bajra, Jowar, Ragi, Suji, Maida, Besan, Ghee, Butter, Brinjal, Egg, Black Pepper, Coriander, Cummin seed, Red chillies, Turmeric powder, Banana

Monitoring Network:

• Scope: 550 centres across 34 States/UTs
• Impact: Covers about 31% of CPI weights (up from 26.5%)

Objective:

• Policy Support: Provides data for policy decisions, inflation control, and price stability
• Government Measures: Includes subsidized food prices, retail tomato sales, stock limits, zero-duty imports, and buffer stock for pulses

Market Impact:

• Price Trends: Recent decline in pulse prices by up to 4% in major mandis, reflected in retail prices