Opinion | Food price revival
New Delhi, May 15 -- The latest numbers on wholesale prices released by India's commerce ministry on Tuesday show that food price inflation quickened to 7.4% in April, the highest in 33 months, driven by rising prices of vegetables (41%), pulses, wheat, and meat products. Is this something to worry about? Not really, if one looks at how food prices have moved in recent years. Here are the numbers for annual wholesale food price inflation in the past four years, beginning 2016-17: 4%, 2017-18: 2%, 2018-19: 0.4%. It is clear that food prices have barely budged....
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