Chart of the Day | Global food inflation edges up, as crude oil worries float up

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April 08, 2024 / 10:06 AM IST

Last week’s monetary policy saw the RBI sound cautious on the food inflation front and global data supports that caution. The fact that crude oil that was idling at $80 a barrel levels has crossed $90 comfortably and is now pegged to increase to $100 can send a wave of inflationary signals as everything from transport to biofuels to even consumer products will feel the warmth of rising crude oil prices.

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The FAO’s Food Price Index rose



source https://googulxyz.wordpress.com/2024/04/08/chart-of-the-day-global-food-inflation-edges-up-as-crude-oil-worries-float-up/

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