The Challenge of Food Inflation

Duvvuri Subbarao

Working Papers from eSocialSciences

Abstract: The trends in food inflation over the past 60 years are given. Having thus set the context, the factors driving structural food inflation, which should give us a perspective of the underlying dynamics and the nature of the challenge are also brought out. The policy measures for addressing the challenge of food inflation on a durable basis are outlined. The role of monetary policy in the face of supply shocks are also described. [Presidential Address delivered at the 25th Annual Conference of the Indian Society of Agricultural Marketing at Hyderabad]. URL:[http://rbidocs.rbi.org.in/rdocs/Speeches/PDFs/FIS221111.pdf].

Keywords: food inflation; reserve bank; India; monetary policy; inclusive; sustainable growth; agriculture; food grains; buffer stocks; supply pressures; policy action; financialisation; commodities; primary food articles; per capita income (search for similar items in EconPapers)
Date: 2011-11
Note: Institutional Papers
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Citations: View citations in EconPapers (7)

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