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India's raging food inflation
Jun 17, 2013

The wholesale inflation in India as measured by the WPI (Wholesale Price Index) seems to be easing. In May 2013, it had come down to 4.7%. This would lead many to breathe a sigh of relief that the ugly monster of inflation has been controlled. But if you go shopping for your groceries, the relief would be short lived. This is because food inflation has continued to remain high. As seen in today's chart, food inflation increased from 6.08% in April to 8.25% in May. Prices of rice, cereals, wheat and poultry have registered a double digit rise. The prices of food items have remained high even while other sources of inflation have come down in recent times. One reason for this was the severe drought that had gripped many parts of the country. Hopefully the monsoon showers would ease the prices of food in the coming months.

Source: Financial Express

This Chart Of The Day was published in The 5 Minute WrapUp - Is everything worse today than it was in 2008?

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