fruit prices: High fruit prices may push up food inflation further

Fruit prices in India, which contributed to 0.3% of food inflation in FY23, are set to increase this year. The late arrival of monsoon and heavy rains have impacted crop production, leading to higher prices. Apples, which account for a quarter of fruit consumption in India, were 15% more expensive in August than in May. Fruit inflation is expected to rise in the latter half of the year, despite a high base effect expected to keep inflation low.

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