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Understanding Indias Food Inflation
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Book Synopsis Understanding India’s Food Inflation by : Rahul Anand
Download or read book Understanding India’s Food Inflation written by Rahul Anand and published by International Monetary Fund. This book was released on 2016-01-05 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, India has seen a prolonged period of high inflation, to a large extent driven by persistently-high food inflation. This paper investigates the demand and supply factors behind the contribution of relative food inflation to headline CPI inflation. It concludes that in the absence of a stronger food supply growth response, food inflation may exceed non-food inflation by 21⁄2–3 percentage points per year. The sustainability of a long-term inflation target of 4 percent under India’s recently-adopted flexible inflation targeting framework will depend on enhancing food supply, agricultural market-based pricing, and reducing price distortions. A well-designed cereal buffer stock liquidation policy could also help mitigate food inflation volatility.
Book Synopsis Understanding India’s Food Inflation by : Rahul Anand
Download or read book Understanding India’s Food Inflation written by Rahul Anand and published by International Monetary Fund. This book was released on 2016-01-05 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, India has seen a prolonged period of high inflation, to a large extent driven by persistently-high food inflation. This paper investigates the demand and supply factors behind the contribution of relative food inflation to headline CPI inflation. It concludes that in the absence of a stronger food supply growth response, food inflation may exceed non-food inflation by 21⁄2–3 percentage points per year. The sustainability of a long-term inflation target of 4 percent under India’s recently-adopted flexible inflation targeting framework will depend on enhancing food supply, agricultural market-based pricing, and reducing price distortions. A well-designed cereal buffer stock liquidation policy could also help mitigate food inflation volatility.
Book Synopsis Understanding India's Food Inflation by :
Download or read book Understanding India's Food Inflation written by and published by . This book was released on 2015 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, India has seen a prolonged period of high inflation, to a large extent driven by persistently-high food inflation. This paper investigates the demand and supply factors behind the contribution of relative food inflation to headline CPI inflation. It concludes that in the absence of a stronger food supply growth response, food inflation may exceed non-food inflation by 2 1/2-3 percentage points per year. The sustainability of a long-term inflation target of 4 percent under India's recently-adopted flexible inflation targeting framework will depend on enhancing food supply, agricultural market-based pricing, and reducing price distortions. A well-designed cereal buffer stock liquidation policy could also help mitigate food inflation volatility. --Abstract.
Book Synopsis Food Inflation in India by : Rahul Anand
Download or read book Food Inflation in India written by Rahul Anand and published by International Monetary Fund. This book was released on 2014-09-24 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are estimated to be large. This paper estimates the size of second-round effects using an estimated reduced-form general equilibrium model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation and core inflation decreases by about three fourths within one year as core inflation catches up with headline inflation. Large second-round effects stem from several factors, such as the high share of food in household expenditure and the role of food inflation in informing inflation expectations and wage setting. Analysis suggests that in order to durably reduce the current high inflation, the monetary policy stance needs to remain tight for a considerable length of time. In addition, progress on structural reforms to raise potential growth is critical to reduce the burden on monetary policy.
Book Synopsis Understanding Food Inflation in India by : Akash Malhotra
Download or read book Understanding Food Inflation in India written by Akash Malhotra and published by . This book was released on 2017 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, the stellar growth of Indian economy has been challenged by persistently high levels of inflation, particularly in food prices. The primary reason behind this stubborn food inflation is mismatch in supply-demand, as domestic agricultural production has failed to keep up with rising demand owing to a number of proximate factors. The relative significance of these factors in determining the change in food prices have been analysed using gradient boosted regression trees (BRT) - a machine learning technique. The results from BRT indicates all predictor variables to be fairly significant in explaining the change in food prices, with MSP and farm wages being relatively more important than others. International food prices were found to have limited relevance in explaining the variation in domestic food prices. The challenge of ensuring food and nutritional security for growing Indian population with rising incomes needs to be addressed through resolute policy reforms.
Book Synopsis Taming Indian Inflation by : Mr.Paul Cashin
Download or read book Taming Indian Inflation written by Mr.Paul Cashin and published by International Monetary Fund. This book was released on 2016-02-25 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: High and persistent inflation has presented serious macroeconomic challenges in India in recent years, increasing the country’s domestic and external vulnerabilities. A number of factors underpin India’s high inflation. This book analyzes various facets of Indian inflation—the causes, consequences, and policies being implemented to manage it. Several chapters are devoted to analyzing and managing food inflation, given its significance in driving overall inflation dynamics in India.
Book Synopsis Food inflation and food price volatility in India: Trends and determinants by : Sekhar, C.S.C.
Download or read book Food inflation and food price volatility in India: Trends and determinants written by Sekhar, C.S.C. and published by Intl Food Policy Res Inst. This book was released on 2017-05-05 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study analyzes food inflation trends in India over the last decade. Annual trends show that different commodities have contributed to food inflation in different years and that no single commodity shows uniformly high inflation. A decomposition exercise shows that eggs, meat, fish, milk, cereals, and vegetables were generally the main contributors to recent food inflation. The contribution of pulses, except pigeon peas (arhar), and of edible oils remained low. Fruits and vegetables displayed a much higher degree of intrayear volatility, and high-weight commodities in the national consumption basket also showed very high inflation rates, which is a cause for concern. Results of the econometric analysis show that both supply and demand factors are important. Cereal and edible oil prices appear to be mainly driven by supply-side factors such as production, wage rates, and minimum support prices. For pulses, the effects of supply- and demand-side factors appear almost equal. The prices of eggs, meat, fish, milk, and fruits and vegetables appear to be driven mainly by demand-side factors.
Book Synopsis Pricing and Inflation in India by : Pulapre Balakrishnan
Download or read book Pricing and Inflation in India written by Pulapre Balakrishnan and published by Oxford University Press, USA. This book was released on 1991 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines inflation in the Indian economy from 1950 to 1980. It emphasizes modelling price behavior in the principal productive sectors of the economy. Within its clearly defined model selection, this work decisively counterposes alternative explanations of inflation.
Book Synopsis Taming Indian Inflation by : Mr.Paul Cashin
Download or read book Taming Indian Inflation written by Mr.Paul Cashin and published by International Monetary Fund. This book was released on 2016-02-25 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: High and persistent inflation has presented serious macroeconomic challenges in India in recent years, increasing the country’s domestic and external vulnerabilities. A number of factors underpin India’s high inflation. This book analyzes various facets of Indian inflation—the causes, consequences, and policies being implemented to manage it. Several chapters are devoted to analyzing and managing food inflation, given its significance in driving overall inflation dynamics in India.
Book Synopsis Understanding Inflation in India by : Laurence M. Ball
Download or read book Understanding Inflation in India written by Laurence M. Ball and published by . This book was released on 2016 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the behavior of quarterly inflation in India since 1994, both headline inflation and core inflation as measured by the weighted median of price changes across industries. We explain core inflation with a Phillips curve in which the inflation rate depends on a slow-moving average of past inflation and on the deviation of output from trend. Headline inflation is more volatile than core: it fluctuates due to large changes in the relative prices of certain industries, which are largely but not exclusively industries that produce food and energy. There is some evidence that changes in headline inflation feed into expected inflation and future core inflation. Several aspects of India’s inflation process are similar to inflation in advanced economies in the 1970s and 80s.
Book Synopsis Managing Food Inflation in India by : Dr. S.R Keshava
Download or read book Managing Food Inflation in India written by Dr. S.R Keshava and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past two decades, there are many instances where the persistent increase in prices of onion, potatoes and other essential food items has led to fall of the government in the elections; and the party assuring bringing down of prices in 100 days had formed the new governments. It is generally agreed that a moderate inflation is acceptable. Generally, monetary and fiscal economists opine that an acceptable moderate rate of inflation is desirable as it prevents stagnation, provide optimistic outlook, help mobilize resources, boost investment and production. In this regard Tarapore Committee (1997) opined that 3 % inflation in India is ·acceptable, while Chakravarty. S Committee (1985) finds that an increase in price of not more than 4 percent is acceptable, whereas Rangarajan. C (2012) regards 2 to 3 % of inflation as acceptable, and 5 % inflation as threshold inflation for India. Hence the acceptable range of inflation in India lies between 3 to 5 percent. The continuous increase in prices or inflation causes the heart burn to majority of Indians as the Indian employment structure is tilted towards informal unorganized sector.
Book Synopsis How Does Supply Chain Distortion Affect Food Inflation in India? by : Rudrani Bhattacharya
Download or read book How Does Supply Chain Distortion Affect Food Inflation in India? written by Rudrani Bhattacharya and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis What is Responsible for India’s Sharp Disinflation? by : Sajjid Chinoy
Download or read book What is Responsible for India’s Sharp Disinflation? written by Sajjid Chinoy and published by International Monetary Fund. This book was released on 2016-09-07 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the dramatic decline in India’s inflation over the last two years using an augmented Phillips Curve approach and quantify the role of different factors. Our results suggest that, contrary to popular perception, the direct role of lower oil prices in India’s disinflation was relatively modest given the limited pass-through into domestic prices. Instead, we find that inflation is a highly persistent process in India, reflecting very adaptive expectations and the backward looking nature of wage and support price-setting. As a consequence, we find that a moderation of expectations, both backward and forward, and a rationalization of Minimum Support Prices (MSPs), explain the bulk of the disinflation over the last two years.
Book Synopsis Food Price Volatility and Its Implications for Food Security and Policy by : Matthias Kalkuhl
Download or read book Food Price Volatility and Its Implications for Food Security and Policy written by Matthias Kalkuhl and published by Springer. This book was released on 2016-04-12 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.
Book Synopsis Catching Up on the TOP News by : Bhanu Pratap
Download or read book Catching Up on the TOP News written by Bhanu Pratap and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using high frequency price information and strengthening market intelligence on high-impact food items for nowcasting is an integral part of the inflation forecasting framework at the Reserve Bank of India. Three key vegetables viz., tomatoes, onions and potatoes (TOP), with a combined weight of 2.2 per cent in the consumer price index (CPI) basket, have had historically high contribution to volatility in not only food price inflation but also headline inflation. Apart from high price volatility, as these vegetables are also produced and consumed across India, they are extensively covered in the print media, which contains a valuable source of information for understanding their price dynamics. More specifically, news articles can provide information on local events that may lead to large swings in national level retail food prices. Using big data on news articles from nine leading English news dailies published during 2011-2021, we quantify the information content of news items into commodity sentiment indices to analyse the nature of shocks and inflation dynamics of TOP commodities. Our results showcase a negative relationship between monthly changes in TOP prices and news sentiment indices, such that large increases in prices after major supply shocks coincide with large falls in news-based commodity sentiments. Exploiting this feature in a formal forecasting framework to predict inflation in vegetables and food prices, we find that adding news-based information in the form of net sentiments result in gains in forecasting accuracy. Our news-based sentiment indicator also helps in improving near-term inflation projections or 'nowcasts' thus providing forward-looking information for policy making.
Book Synopsis Monetary Policy in India by : Chetan Ghate
Download or read book Monetary Policy in India written by Chetan Ghate and published by Springer. This book was released on 2016-11-25 with total page 653 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents research that applies contemporary monetary theory and state-of-the-art econometric methods to the analysis of the monetary and financial aspects of the Indian economy and the impact of monetary policy on economic performance. Indian monetary policy has attracted significant attention from Indian and international macroeconomists over the last several years. Interest in how monetary policy influences economic performance and how monetary policy is conducted in India is growing. The prospects for further financial sector reform and ongoing inflation in India have sparked new interest in the role of money and monetary policy in India among economists, policy makers and students alike. The book should also interest economists outside India because it studies monetary economics in a major emerging market economy and makes advances in the analysis of how financial market imperfections and structural constraints influence the effects of monetary policy.
Book Synopsis Transforming Food Systems for a Rising India by : Prabhu Pingali
Download or read book Transforming Food Systems for a Rising India written by Prabhu Pingali and published by Springer. This book was released on 2019-05-14 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book examines the interactions between India’s economic development, agricultural production, and nutrition through the lens of a “Food Systems Approach (FSA).” The Indian growth story is a paradoxical one. Despite economic progress over the past two decades, regional inequality, food insecurity and malnutrition problems persist. Simultaneously, recent trends in obesity along with micro-nutrient deficiency portend to a future public health crisis. This book explores various challenges and opportunities to achieve a nutrition-secure future through diversified production systems, improved health and hygiene environment and greater individual capability to access a balanced diet contributing to an increase in overall productivity. The authors bring together the latest data and scientific evidence from the country to map out the current state of food systems and nutrition outcomes. They place India within the context of other developing country experiences and highlight India’s status as an outlier in terms of the persistence of high levels of stunting while following global trends in obesity. This book discusses the policy and institutional interventions needed for promoting a nutrition-sensitive food system and the multi-sectoral strategies needed for simultaneously addressing the triple burden of malnutrition in India.
