Shumita Sharma Deveshwar

Director, India Research
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India: The resurgent risk of food inflation will slow monetary easing

Overview

India’s inflation rate has eased significantly over the past year mainly owing to a decline in commodity prices including those of food, which constitutes almost half of the Indian consumer’s basket. Despite the softer overall food inflation number, consumers are still feeling the pinch. The price of pulses – a staple food item – has soared in recent months. The latest WPI and the CPI inflation indices show spikes in staple food commodities, underlining our long-held view that...

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