-The Economic Times
NEW DELHI: Food inflation is poised to moderate significantly when data for August is released next month as the wholesale price of pulses has eased 30% while vegetable rates have dropped as much as 50% in some markets in the past four weeks because normal monsoon rainfall has raised prospects of a bumper harvest after two years of drought.
Prices of all farm commodities are likely to fall noticeably by October, when the new harvest reaches the market and the festive demand has been met, said traders, analysts and company executives. Last month, food prices were up 11% at the wholesale level.
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