%A Himadri Bhattacharya
%T Inflation remains a bugbear
%! Inflation remains a bugbear
%X Food inflation, which was in double-digits in July, fell to 6.2 per cent in October, 2023, with a correction in vegetable prices.  However, inflation pressures persisted across various sub-groups, such as cereals, pulses and spices, and pick-up in inflation in eggs, fruits and sugar has meant that food inflation in October was still elevated.  As per some analyses, food inflation in India is rising structurally, driven by higher vegetable and foodgrain prices. Vegetables, with a combined weight of 6 per cent in the CPI basket are one of its most volatile components and price spikes are becoming more common than before.
%U https://www.thebillionpress.org/columns/business-economy/inflation-remains-bugbear-1483