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Food inflation still worryingly high

Food inflation still worryingly high

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 Food inflation has fallen slightly but it remains way too high for comfort. This was mainly why the RBI did not lower interest rates despite pressure from the government. High food inflation affects the lower-income group more because it has less money and so a larger proportion of its earnings are spent on basics like food and fuel. High food inflation also lowers consumption across many sectors, which is bad news for the economy. Why are food prices so high and what can be done about it? Please listen to the latest episode of All Indians Matter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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