The rural pain fear rises as farm items’ price fall

Retail inflation rose 7.59% in January 2020, as food inflation remained in double-digit. After Covid-19 rapidly spread, the supply of food items increased and the demand decreased. As a result, the price of food items cut. This could help the Monetary Policy Committee (MPC), as they are struggling for a rate cut amid elevated inflation. This price cut could adversely impact rural consumption. Lowering food prices could cause a return of agricultural income distress,  according to Credit Suisse.

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