Will food cost a little less soon? -Governance Now

Will food cost a little less soon?

Kaushik Basu: Food inflation may fall below 3% within a month

PTI | December 14, 2011

Buoyed by a continuous decline in food inflation over the past five weeks, Chief Economic Advisor Kaushik Basu today expressed hope it may fall below 3 per cent in a month's time.

"I do expect the food inflation to come down below 3 per cent within a month," he said at the Delhi Economics Conclave here.

Also see: Inflation down to 9.11% in November

Basu is the head of a high-level panel appointed by Prime Minister Manmohan Singh to suggest ways to bring down inflation.

Food inflation, which touched a high of 12.21 per cent for the week ended October 22, declined to 6.6 per cent in the week ended November 26.

The latest data on food inflation based on the Wholesale Price Index (WPI) is scheduled to be released tomorrow.

The drop in food inflation, as per the latest available data, was mainly due to a fall in prices of kitchen staples like onions, potatoes and wheat.

Comments

Other News

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

How the flora and fauna evolved in the Indian subcontinent

Mammals of India By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Nepal Floods: India keeps close watch on the situation

India`s central government has been keeping a close watch on the situation arising out of the flash flood in Nepal on Wednesday. Union home minister Amit Shah spoke with the chief ministers of Bihar and Uttar Pradesh, the two states that share the border with Nepal, regarding the disaster

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi