Indian Food Inflation Sparks Urgent Need for Tight Monetary Policy
Food and fuel prices in India have been high for a while, leading to overall inflation. A study shows that this inflation is hard to stop because it keeps affecting other prices. The gap between overall inflation and basic prices shrinks quickly as basic prices catch up. This happens because food costs a lot for families and affects how much people expect prices to rise. To lower inflation, the government needs to keep a close eye on money for a long time. It's also important to make changes to help the economy grow more.