RBI’S INFLATION CONTROL BID FAILS
HIGH FOOD PRICES POSE A THREAT TO GROWTH
2013-11-22 10:53
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If the prices of food articles in October this year increased by an overall 18.19 per cent as per the government data, things look much worse this month with food and vegetables prices reaching an all-time high and sudden spurt of over 100 per cent in salt prices in several markets across northern, eastern and north-eastern India following reports of shortage of this indispensible cooking ingredient sending shivers among housewives, restaurants, dabbawallas, cooked food suppliers and, of course, gourmets. The common man’s disposable income to buy non-food items is constantly shrinking affecting demand for manufactured products.