December 16, 2024 4:51 PM
Strong kharif and rabi crop outlook eases India’s food inflation concerns
The arrival of kharif crops in the market, coupled with a robust outlook for the rabi crop, bodes well for the food inflation outlook, economists said on Monday. This positive sentiment comes as the wholesale price index (WPI) inflation eased to 1.9 percent in November, down from 2.4 percent in October. The moderation in WPI inflation last month was primarily driven by a decline in food inflation. "The arrival of fresh harvests has led to a seasonal correction in food prices," said Rajani Sin...