Inflation-brace for aftershocks

Goods producers have passed on more input cost increases than services producers

Inflation is here to stay. It is currently affecting different groups of people in different ways. But as price pressures spread, everyone will be similarly impacted, leaving weaker growth and sticky prices which will outlast the commodity price shock. We answer some pressing questions.  

Have the global price increases fed fully into domestic food inflation?

Not all the price pressures have been passed on yet. At least three channels will lead to higher food prices. One, wheat prices in India could rise further, led by rising Indian wheat exports, a lower domestic crop yield, and a possible demand-supply mismatch at public sector