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Food Price Levels and Volatility: Sources, Impact and Implications

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  • C.P. Chandrasekhar

Abstract

Food inflation in India for the past few years has been at an historic high. Higher food prices have especially hurt those who spend most of their income on food and have not necessarily been helpful to smallholder farmers in terms of increased supply response. The volatility of food prices at the wholesale and retail levels has also increased, and this creates uncertainties for consumers and producers that need to be managed. This article reviews some of the sources of food price increases and volatility (especially over the period 2008–10 when inflation was high) and draws out implications for Indian citizens.

Suggested Citation

  • C.P. Chandrasekhar, 2012. "Food Price Levels and Volatility: Sources, Impact and Implications," IDS Bulletin, Blackwell Publishing, vol. 43, pages 74-83, July.
    • Handle: RePEc:wly:idsxxx:v:43:y:2012:i::p:74-83
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    File URL: http://hdl.handle.net/10.1111/idsb.2012.43.issue-s1
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    Cited by:

    1. Chimaliro, Aubrey Victor, 2018. "Analysis of main determinants of soya bean price volatility in Malawi," Research Theses 334743, Collaborative Masters Program in Agricultural and Applied Economics.
    2. Emiliano Magrini & Ayca Donmez, 2013. "Agricultural Commodity Price Volatility and Its Macroeconomic Determinants: A GARCH-MIDAS Approach," JRC Research Reports JRC84138, Joint Research Centre.
    3. Jayatilleke S. Bandara, 2013. "What is Driving India’s Food Inflation? A Survey of Recent Evidence," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 14(1), pages 127-156, March.
    4. Kübra Akyol Özcan, 2023. "Food Price Bubbles: Food Price Indices of Turkey, the FAO, the OECD, and the IMF," Sustainability, MDPI, vol. 15(13), pages 1-21, June.

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