Food Prices Stay Stable Despite Weak Monsoon: Report
Food inflation remains stable despite weak monsoon, though prolonged rainfall deficit could pressure prices, says Emkay report.
New Delhi, July 6 (IANS) India’s monsoon rainfall remained weak despite some improvement over the previous week, with food price inflation remaining stable, a report has said.
The report from Emkay Global Financial Services noted that food price inflation remains contained for now, with weekly retail changes showing vegetables up 1.5 per cent and eggs 1 per cent, while cereals rose 0.5 per cent and oils & fats up 0.2 per cent.
On an annual basis, oils and fats were up 11 per cent and eggs up 6 per cent, vegetables up 3 per cent, milk up 3 per cent, spices up 3 per cent, cereals up 2 per cent, and pulses up 1 per cent.