The Challenge of Food Inflation
The trends in food inflation over the past 60 years are given. Having thus set the context, the factors driving structural food inflation, which should give us a perspective of the underlying dynamics and the nature of the challenge are also brought out. The policy measures for addressing the challenge of food inflation on a durable basis are outlined. The role of monetary policy in the face of supply shocks are also described. [Presidential Address delivered at the 25th Annual Conference of the Indian Society of Agricultural Marketing at Hyderabad]. URL:[http://rbidocs.rbi.org.in/rdocs/Speeches/PDFs/FIS221111.pdf].
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