-Livemint.com We must raise procurement to prepare for a possible rise in inflation as global food supplies shrink Recent data on inflation suggests a softening of the trend of rising inflation in retail prices. Much of the inflation this year has been driven by rising food prices, particularly edible oil and more recently cereals, primarily wheat. This has followed the global trend in food prices, which softened last month, even though they...

-The Telegraph Officials said the government is weighing up the option of some kind of restrictions on the shipments of rice New Delhi: After wheat, the Centre is mulling curbs on rice exports as the acreage under the crop this season has shrunk about 13 per cent over the previous year because of deficient rains in key rice-growing states — leading to a rise in the price of the foodgrain. Analysts said the...

Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...

-Newsclick.in …while the government continues to remain clueless. By the end of June, wheat and flour prices were on fire with an incredible 10% inflation rate, according to the latest data available with the ministry of statistics and programme implementation (MoSPI). That means prices were 10% higher than in June last year. Just six months ago, in January, the inflation rate for wheat was 5.1%—uncomfortable but not yet lethal. This devastating rise...

-The Hindu The inadequacy of monetary policy to address food-price-driven inflation has been recently flagged Globally, inflation is now the prime concern of governments, even as there is a speculation that a recession may not be far behind. In India, though, government agencies regularly announce that the country is growing at a much faster rate than most economies and presently assert that inflation is much lower. The growth performance is not so...