Indian inflation seen easing to 5.50% in Sept on softening food price rises- Reuters poll
© Reuters. FILE PHOTO: Customers buy fruits and vegetables at an open air evening market in Ahmedabad, India, August 21, 2023. REUTERS/Amit Dave/File photo
Rises in food prices, which make up about half the consumer price index , continue to cool from recent peaks after the Indian government enacted a series of measures to boost supply. "Vegetable prices have corrected very sharply and not just for tomatoes, but for a host of other vegetables as well.So more or less the vegetable price shock is receding," said Dhiraj Nim, an economist at ANZ Research.
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