Monday, November 4, 2013

Rising inflation: Have food prices delinked from agricultural production?

.......But here's the problem. Few observers, including the RBI, seem to expect any substantial moderation in inflation, or in the actual level of prices. "The price level is expected to remain high," says Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices (CACP), a government body which advises the government on agricultural price policies such as the minimum prices offered to farmers for grain.............

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