Cereal, edible oil prices seen rising, volatility in commodity prices pose upside risk to inflation outlook: RBI bulletin
Despite a significant drop in headline inflation from over 6% in October 2024 to 3.6% in February 2025, food prices, particularly rice and wheat, have risen in March, according to RBI officials. Additionally, edible oil prices, driven by palm, soybean, and sunflower oils, have firmed up. These trends were highlighted in the RBI’s March State of the Economy article.
Though headline inflation has moderated significantly from above 6% in October 2024 to 3.6% in February 2025, high frequency food price data for March so far (up to 17th) show an increase in cereal prices, both for rice and wheat, Reserve Bank of India (RBI) officials said.
Edible oil prices have firmed up as well – mainly driven by palm, soybean and sunflower oil, they said in the State of the Economy article published in the March edition of RBI Bulletin released on Wednesday.
To read more about Edible Oil News continue reading Agriinsite.com
Source : The Hindu
