Mumbai, April 23 -- The outlook for food inflation in India has turned decisively positive over the recent correction in vegetable prices, coupled with estimates of a record wheat and higher pulses production, the Minutes of the latest RBI monetary policy said.
There has been a substantial and broad-based seasonal correction in vegetable prices.
The uncertainties regarding Rabi crops have abated considerably, and the second advance estimates indicate a record wheat production and higher yields of key pulses compared to last year.
"Along with robust kharif arrivals, this is expected to set the stage for a durable softening in food inflation. Sharp decline in inflation expectations for three months and one year ahead period would help an...
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