Nature of current inflation in. food prices

Abstract

Food prices are supposed to bedriving the current inflationaryspiral. The analysis here showsthat it is "food products" and not "primary food articles" which aremainly responsible for the surge ininflation. Among food products,oil cakes, edible oils and dairyproducts are the biggestcontributors to the food pricespiral. Contrary to popularperception, primary food articles— cereals and pulses — have nothad much to do with rising prices.