Why Global Food Inflation Is Set to Worsen: FAO & Market Data
As the FAO Food Price Index touches a four-year high of 136 points, climate shocks, maritime rerouting, and surging fertilizer costs are reigniting grocery price spikes.
As the FAO Food Price Index touches a four-year high of 136 points, climate shocks, maritime rerouting, and surging fertilizer costs are reigniting grocery price spikes.
A surge in food prices and imported fuel costs lifts September retail inflation to its highest level since late 2024, validating the RBI’s preemptive interest rate hike.
Retail inflation climbed to 4.82% while wholesale prices neared double digits at 9.92%, revealing mounting upstream cost pressures, an enduring rural-urban divide, and tricky trade offs for the Reserve Bank of India.