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- W2311331133 abstract "Food prices are supposed to be driving the current inflationary spiral. The analysis here shows that it is “food products” and not “primary food articles” which are mainly responsible for the surge in inflation. Among food products, oil cakes, edible oils and dairy products are the biggest contributors to the food price spiral. Contrary to popular perception, primary food articles – cereals and pulses – have not had much to do with rising prices. I t has been more than seven months since India has been entangled in rising headline inflation, measured by year-on-year changes in the wholesale price index (WPI). Indeed, in terms of duration, the present price spiral is the longest since 2000-01. 1 Several domestic and international factors have been identified as the causes of the present inflationary situation in India. A major one among them has been high food prices worldwide, caused due to the strengthening of global food demand against falling production [RBI 2008a]. 2 It is pointed out that as India imports many food items, rising world food prices have been transmitted to domestic prices. However, an understanding of the n ature and intensity of such “globally transmitted” food price inflation in I ndia remains vague. Important questions which remain unanswered are: Which category of food items has been causing damage to domestic food prices? Has the price increase occurred in a wide range of food items or only a few? Compared to the past, is the present food price inflation as critical as projected in the media?" @default.
- W2311331133 created "2016-06-24" @default.
- W2311331133 creator A5069853442 @default.
- W2311331133 date "2008-01-01" @default.
- W2311331133 modified "2023-09-26" @default.
- W2311331133 title "Nature of Current Inflation in Food Prices" @default.
- W2311331133 hasPublicationYear "2008" @default.
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