Ahead of monthly inflation numbers that are due on Friday, the Reserve Bank of India (RBI) has said that food inflation seems to be pointing towards changing consumption patterns as India gets more affluent and people move towards more high value commodities. Echoing RBI’s stance, Planning Commission chairman Montek Singh Ahluwalia said, “The high inflation number points towards people eating healthier food, better lifestyles.” According to him, changing consumption patterns & richer protein diets among Indians could be the reason behind the inflationary spiral.
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