Posted 3/31/2024, 2:09:43 AM
Despite Rupee Gains, Food Prices Offer Little Respite for Indian Consumers
- Despite rupee recovery against dollar and declining commodity prices, consumers have not seen significant price relief
- Prices of some items like wheat flour have dropped, but costs of goods like bread remain high
- Sugar, pulses, tea prices remained relatively stable over last 6 months
- Onion prices increased substantially due to export bans
- Rice exports boomed but domestic rice prices saw little change
