Weak monsoon start may push FY27 food inflation to 6%: Report
A report by CareEdge Ratings suggests that food inflation in India is expected to hover around 6% in FY27, with the overall Consumer Price Index (CPI) inflation estimated at 5%. This outlook comes after a 41.5% shortfall in rainfall during the initial phase of the monsoon, sparking worries about crop production. Additionally, rising costs for edible oils may contribute to further upward pressure on food prices.
by shortkt.com✓