India: 'No sign of vegetable prices coming down soon'

Delayed rain in Maharashtra has inflated vegetable and fruit prices by 8-10 per cent hurting consumers and affecting their budget. Economists have said that inflation would continue in the coming months and there is no sign of prices coming down anytime sooner, until fresh crops arrive at the markets.

“The retail inflation of vegetables and fruits is 8-10 per cent over a year. It will go up till the next crops arrive at the markets,” Madan Sabanvis, chief economist and general Manager of Credit Analysis & Research Limited said.

The agriculture market officials, retail vendors and agriculture experts have shared similar sentiments and fear for a further increase in inflation. “The vegetables including cabbage, cauliflower, tomato, cucumber, beet, brinjal prices have gone up by 15 to 20 per cent than last month. The shortage of vegetables will have an impact on the prices further,” an official from Agriculture Produce Market Committee (APMC) said.

Click here to read the complete article at asianage.com