Food inflation: Know your onions

Abstract

Overall inflation is down, but not fruit and vegetable prices. Marketing, storage and information flows need to improve. In January 2014, the Reserve Bank of India formally adopted a ‘glide path’ for achieving a consumer price inflation (CPI) target of 8 per cent by January 2015 and 6 per cent by January 2016. Tight monetary policy has reined in headline inflation from 9.8 per cent in September 2013 to 6.5 per cent in September 2014 as measured by consumer price index (CPI combined). But fruit and vegetable prices have remained stubbornly high. Food price inflation declined from 11.8 per cent to 7.7 per cent over the period but fruits and vegetables rule high at 22.4 per cent and 8.6 per cent, respectively. Read more at: https://www.thehindubusinessline.com/opinion/food-inflation-know-your-onions/article22995164.ece