Food inflation, though high, has started to cool off from recent highs, after the government took a series of measures such as imposing export restrictions and stock holding limits, as well as offloading wheat, rice, chana and onions in the local market to augur supplies and tame prices.
Experts in the industry predict that retail prices of kitchen staples, such as sugar, flour, edible oil, and dairy products, will remain stable during the festival season due to strict government measures. Food inflation has started to cool off after the government implemented export restrictions, stock holding limits, and increased supplies. Consumption of these items typically increases during the festival season, but experts believe there will be no spike in prices.
Food inflation, though high, has started to cool off from recent highs, after the government took a series of measures such as imposing export restrictions and stock holding limits, as well as offloading wheat, rice, chana and onions in the local market to augur supplies and tame prices.