Will this monsoon be good enough to rein in inflation?
As per Crisil, food inflation is expected to come down if the monsoon season is indeed favourable. A good monsoon means that food production in India will increase which will erase the pains of past two years’ droughts. Food prices, on the back of better production, will hence come down.
The consumer price index for May 2016, rose to 5.8% from 5.4% in April. Photo : IANS