- December 31, 2024
Rising Frequency Of Extreme Weather Events Continue To Pose Risk For Food Inflation: RBI – News18
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Garlic inflation remained particularly high, exceeding 80%, and several pulse varieties also saw inflation rates above 20%.
RBI
The Reserve Bank of India’s (RBI) Financial Stability Report warns that the increasing frequency of extreme weather events, such as heatwaves and unseasonal rains, continues to pose a significant risk to food inflation dynamics.
The report further highlights that ongoing geopolitical conflicts and geo-economic fragmentation could also exert upward pressure on global supply chains and commodity prices, contributing to inflationary risks.
In November, food inflation decreased to 9%, down from 10.9% in October. Despite this easing from a 15-month high, some food categories continued to experience double-digit inflation. For instance, potato inflation rose to 66.6% in November, compared to 64.9% in October, while carrot inflation jumped to 33.4% from 22.8%.
Garlic inflation remained particularly high, exceeding 80%, and several pulse varieties also saw inflation rates above 20%.
