Food Inflation: No Sign of Respite Yet
According to the recent fluctuations in the economy of the world, it has been revealed that there has been a further upsurge in food inflation. It has been revealed by a news channel n New Delhi that at the end of July, the food inflation has soared to as much as 9.9%.
This is the highest it has been since the past four months and the worst part is that it is expected to surge further. With the market riding high on uncertainties at the moment, it has become excessively difficult for the policy makers to decide on a stable food inflation limit.
This is the reason it has increase by this limit and this shall affect the common man of the nation. The commoner has already been facing trouble since the past long time.
They have been struggling to keep up with the pressures that the government is enforcing on them. It is becoming more and difficult these days for a middle class man to feed his family with good meal every single day.
"The food inflation was higher than expected. Now the expectation of a pause in rate hike has abated a little bit in the September policy”, said Debendra Dash, a fixed-income trader with the ‘Development Credit Bank’.
This has come as one of the results of the rising yields of the bonds in the Indian firms.