SEMINAR ON INFLATION

SEMINAR ON INFLATION BY PROF. Navneet Kaur : VENUE : AUDITORIUM : TIME : 3:30PM : Food inflation in June 2016 was at 7.79 per cent. Within food, vegetables, pulses and sugar, saw an increase in price of 12.72 per cent, 28.28 per cent and 12.98 per cent, respectively. Spices went up by 8.13 per cent. Food prices have gone up primarily because supply is not enough to match demand.

A lot of food produced in India goes waste because of an inefficient supply chain with not enough cold storages going around. Further, the supply chain is riddled with middle men who at times engineer an artificial shortage of food, in order to profit from it. In technical terms, this is basically referred to as a supply shock.