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Farm Product Prices on Fire

Farm Product Prices on Fire

Prices of major food commodities have been surging

Representative Image
Representative Image

Prices of major food commodities have been surging. CPI retail inflation for December 2019 saw a sharp spike to 7.35% from 5.54% in November. For vegetables, it was a massive 53.37% rise, from 36% a month ago. Crop damage has contributed to the rise in the past six months, especially for soyabean and mustard. While onion is an oft-repeated story, potato and garlic prices have also risen sharply.