Experts predict a potential surge in inflation to 6% over the next three months due to recent heavy rains and hailstorms in Maharashtra, Gujarat, west Madhya Pradesh, and parts of Rajasthan. Crop damage, particularly for pulses and onions, may elevate food inflation. The unseasonal weather severely affected crops, causing notable damage to tur and onion yields. This, coupled with low reservoir levels impacting crop outcomes, may persistently affect prices, especially for pulses, amid concerns about delayed sowing and tight supply situations.
from Economy-News-Economic Times https://ift.tt/SpTfFrq
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