India recently experienced increases in food price inflation

India recently experienced increases in food price inflation

Since 1990, India's overall economic growth has accelerated, rising from an annual average of 5.2 percent during 1991-95 to 8.4 percent during 2006-10. Economic performance has generally been consistent with two key policy priorities-employment generation and price stability. Since 2008, however, inflation-including food price inflation-has emerged as a threat to sustained growth and consumer welfare. Following a prolonged period of general stability in real food prices extending back to the 1970s, real wholesale food prices have averaged 3.8 percent higher, and retail prices about 2 percent higher, during 2006-10. This graph may be found in the India topic page on the ERS website, updated August 18, 2011.


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