Opinion and commentary

Explained: What’s behind the current food inflation?

By Harish Damodaran Parthasarathi Biswas

The Indian Express

May 24, 2022

The world and India are witnessing a resurgence of food inflation. Between September 2021 and April 2022, consumer food price inflation in India has risen from 0.68% to 8.38% year on year. And with the UN Food and Agriculture Organization’s (FAO) food price index hitting all-time-highs, it has reignited memories of the last great commodity inflation. That was during the period from the mid-2000s till around 2012-13, briefly interrupted by the 2008-09 global financial crisis.

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