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What is Food Inflation Trends in India about?
Food inflation in India hit a decade high of 19.95% in December 2009 and remains elevated at 18.22%, posing economic challenges. Key factors driving food inflation include weak monsoons, inadequate supply, high minimum support prices, and speculation. Staples like onions, potatoes, and pulses have seen large price increases. The government is taking steps like imports, price controls, and tax reductions to improve supply and rein in inflation. However, food inflation is expected to persist for at least 6 mo
- Author
- justin james 007
- Language
- EN