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The most stringent monetary policy in decades has failed to curb food prices. In 2023-24, the consumer food price index (CFPI) surged by 7.5%, and by the June quarter of 2024, the pace of increase had risen to 8.9%. The reason is simple: food prices are typically driven by...
Effects on Indian Economy and Consumers Oh, boy! It looks like the pesky inflation monster is back to give the Reserve Bank of India (RBI) a hard time. Brace yourself, folks, because it's predicted to overshoot RBI's target in July and August! And you know what's to blame? Those sneaky...