Explaining Inflation in India: The Role of Food Prices

Prachi Mishra and Devesh Roy

India Policy Forum, 2012, vol. 8, issue 1, 139-224

Abstract: This paper conducts a forensic examination of inflation in India with a focus on food price inflation, using a disaggregated high-frequency commodity-level dataset spanning last two decades. First, we document stylized facts about the behavior of overall, food and non-food inflation. Second, we quantify the contribution of specific commodities to food price inflation. We find animal source foods (milk, fish), processed food (sugar, edible oils), fruits and vegetables (e.g., onions), and cereals (rice and wheat) to be the primary drivers. Finally, we conduct case studies of the top contributors. Combining the insights from macro as well as micro analyses, the paper suggests specific policy implications

Keywords: Food; Inflation (search for similar items in EconPapers)
JEL-codes: E31 Q18 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:nca:ncaerj:v:8:y:2012:i:2012-1:p:139-224

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