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India's food inflation bites harder as risks build for global supplies

Its average citizen is more affected than people in peer economies

Photo: Bloomberg
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Photo: Bloomberg

Sachin P Mampatta Mumbai

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A spectre is haunting many parts of the world and India isn’t spared: food inflation.

India’s cost of food and beverages was 6.26 per cent higher in February than the year before, pushing retail inflation up 6.44 per cent. Around 93 per cent of lower-middle income countries, including India, also reported high food inflation in excess of 5 per cent, according to a World Bank report last week, as seen in chart 1.
Chart
Cereals drive India’s food inflation,

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First Published: Mar 31 2023 | 11:12 AM IST

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