Logo
Logo

Far from dousing it, govt is fuelling further food inflation

The spurt in food inflation in the week to 15 October is further evidence that the government is fighting a losing battle on this front. Barely two days after the Reserve Bank of India (RBI) announced a possible pause in interest rate hikes from December on the assumption that wholesale price (WPI) inflation will start falling from November, primary articles inflation – which accounts for 20 percent of the WPI – showed a rise from 11.18 percent to 11.75 percent while the food inflation component rose more sharply from 10.60 percent to 11.43 percent.

Read Full Story>>