Food Price Volatility in India – Drivers, Impact and Policy Response

Sendhil Ramadas, Ramasundaram Palanisamy, Anil Kuruvila, Sundaramoorthy Chandrasekaran, Randhir Singh and Indu Sharma

MPRA Paper from University Library of Munich, Germany

Abstract: Volatility in agricultural commodity prices is a priority policy agenda in the ongoing debate on commodity markets vis-à-vis food inflation. The extent of volatility in food commodities has been examined by comparing different indicators. In comparison to previous two decades, food prices are volatile globally and more in rice and wheat particularly during the decade since 2000. In contrast, the extent of price volatility in absolute and relative terms for India elucidated that rice and wheat are less volatile. Plausible drivers of price volatility have been empirically verified based on the arguments in economic forums besides elaborating its impact on economy. The study also highlights the various existing price stabilisation measures and concludes with a pragmatic approach of policy interventions to encounter the rising food prices.

Keywords: Price volatility; inflation; price stabilisation measures; WPI (search for similar items in EconPapers)
JEL-codes: C10 C5 C53 C55 (search for similar items in EconPapers)
Date: 2014-11-04
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:91131

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