Inflation in Food Articles: Causes and analysis of factors during the post-2008 crisis period in India
Kishor, Dr. S B
- Publisher: Journal Of Business Management & Social Sciences Research
Journal Of Business Management & Social Sciences Research
(issn: 2319-5614, eissn: 2319-5614)
Business management, Department of Economics | Food inflation, Food Articles, Casual Factors.
In India, food inflation is caused by so many factors and which one is significant is a matter of great concern for the economists. It is difficult to arrive at a specific policy decision to contain it. An attempt has been made to analyze the causal factors responsible for high inflation in food articles. The commodity wise analysis of the factors will give new insights in to the phenomenon of high inflation in food articles. The study finds no substantial evidence to support the popular view that, the higher food prices in recent years was the outcome of the structural shift in the dietary pattern. Finally, it has been concluded that, in India, high inflation in food articles during the post-2008 crises period was attributed mainly to the short term domestic supply side constrains and mismanagement of the food grain economy.