Onion prices may be cooling, but food inflation likely to remain high; core inflation a worry
Consumers staring at rising prices are unlikely to have much reprieve. Analysts believe that retail inflation may be peaking now but caution that prices will remain high in coming months.
So while onion prices have come down, your monthly grocery bill could still be on the higher side for the first half of 2020 as food inflation becomes is more broad based. Pain points amongst food items could be cereals, meat, fish, milk, pulses, oils and sugar — all of which seem to be on a rising trajectory.
Official data revealed that retail inflation surged to a 68-month high of 7.59 per cent in January, against 7.35 per cent in December 2019 and 1.97 per cent in January 2019.
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