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Can the Reserve Bank of India rein in food inflation?

The RBI governor has reiterated his commitment to bring down food inflation. Economists are questioning whether monetary policy is the right tool to do so

Mumbai, India - September 01, 2021: Hawkers sell fruits and vegetables. (Photo by Vijay Bate/HT Photo) (HT PHOTO)
Published on Aug 13, 2024 08:30 AM IST

Retail inflation in July at five-year low of 3.54%

Food prices, which have been elevated for over a year, rose 5.42% in the month on-year, the lowest since June 2023.

Vegetable prices were still elevated at 6.83%, compared to 29.32% a year ago. (PTI Photo)
Published on Aug 12, 2024 07:02 PM IST

Food concerns in inflation data

The numbers justify the RBI Monetary Policy Committee’s conservatism on interest rates

The MPC has been highlighting the threat of food price pressures spilling over into general prices, which it has underlined, can undo the gains on the inflation management front.(PTI Photo)
Published on Feb 13, 2024 09:40 PM IST
ByHT Editorial

High food prices may be the new normal

The spike in inflation, which will be painful for the poor, is a result of the climate crisis, making it difficult to control through monetary policy

High food inflation is more painful for the poor((REUTERS FILE PHOTO))
Published on Aug 15, 2023 09:15 PM IST
ByHT Editorial

Inflation is dipping, but RBI may not slash rates

Consumer inflation expectations have also declined compared with the recent past. But the central bank will be cautious in letting its guard down too

Inflation in perishables is beginning to inch up from seasonal effects (prices for fruits and vegetables typically rise during the summer months), while high fodder costs are keeping milk inflation elevated. (REUTERS)
Updated on May 18, 2023 09:44 PM IST
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