Food inflation and its impact Food inflation accounts for about 46% of the Consumer Price Index (CPI) basket . In May and June , food infl...
Food inflation and its impact
Food inflation accounts for about 46% of the Consumer Price Index (CPI) basket.
In May and June, food inflation contributed over 75% to the overall headline inflation.
Core inflation (excluding food prices) has softened, but food inflation remains high, showing a divergence between the two.
Ongoing food price shocks have slowed efforts to reduce inflation
Significance
Persistent food inflation can lead to broader inflationary pressures, affecting other sectors and overall economic stability
COMMENTS