This editorial is based on “Little respite: On food price gain’’ which was published in The Hindu on 16/05/2024. The article examines the retail inflation data which showed a marginal slowdown in overall inflation, masking a concerning acceleration in food prices, which reached a four-month high of 8.7%.
For Prelims: Retail inflation, RBI, CFPI, Food Price gains, Consumer Price Index (CPI) CPI-Combined (CPI-C), WPI, Cost-push inflation, drip irrigation, minimum export price (MEP), headline inflation, Russia-Ukraine war
For Mains: Significance and Challenges of Food Inflation for Indian Economy.
India’s April retail inflation seemed good initially, with the headline Consumer Price Index (CPI) inflation rate slightly dropping to 4.83%, the lowest in 11 months, however, this small decrease didn’t hide the concerning rise in food prices.
Drishti Mains Question:
What are the primary factors behind India’s Rising food inflation, and what strategies can be employed to mitigate this gap between Overall Inflation and Food Inflation?
Prelims
Q.1 Consider the following statements: (2020)
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 only
(c) 3 only
(d) 1, 2 and 3
Ans: (a)
Q 2. If the RBI decides to adopt an expansionist monetary policy, which of the following would it not do? (2020)
Select the correct answer using the code given below:
(A) 1 and 2 only
(B) 2 only
(C) 1 and 3 only
(D) 1, 2 and 3
Ans: B
Q. There is also a point of view that Agricultural Produce Market Committees (APMCs) set up under the State Acts have not only impeded the development of agriculture but also have been the cause of food inflation in India. Critically examine. (2014)
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