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Saturday, June 25, 2022

Will Inflation Go Up Further in Next Quarter?

As input costs for companies are rising amid global uncertainties and high international commodity rates, prices of various products in India are also getting a hit, including vegetables, packed food items, milk and edible oils, thus stoking retail inflation that is hovering at over eight-year high levels. Economists expect inflation to rise further in the next quarter before easing.

Indonesia recently lifted its export ban on palm oil, which has given a major respite to India. The ban impact edible prices in India. However, now, Malaysia is banning the exports of chicken that will majorly affect Singapore (which sources a third of its supply from Malaysia), Thailand, Brunei, Japan and Hong Kong. The ban is the latest in a series of the Malaysian government’s measures aimed at easing domestic prices as nations around the world battle rising food costs, partly driven by the war in

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