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Inflation Impact on the Primary Food Products - Emerging Trends and Determinants
International Journal of Economics, Finance and Management Sciences
Volume 5, Issue 1, February 2017, Pages: 1-14
Received: Oct. 25, 2016; Accepted: Nov. 11, 2016; Published: Dec. 12, 2016
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S. S. Jeyaraj, Sino-British College, GXUN Business School, Guangxi University for Nationalities, Nanning, China
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India and its average food inflation during the period 2006-2013 was one of the highest among emerging market economies, and nearly double the inflation witnessed in during the previous decade. Present paper, I analysed the trend and major drivers of inflation factors for the food inflation. Study is both descriptive and analytical and entirely based on secondary data obtained from different published sources, authenticated source have been chosen without any personal bias. Analyze the data, percentages, growth rate and compounded annual growth rate were used to examine the major drivers of inflation and Ordinary Least Square Method and Trend analysis was used to calculate year over year growth rate. I observed from the analysis of WPI of all commodities was highly variable during the study period due to decadal growth rate showed decreasing trend, population continued to increase and growth of per-capita income has also increased. Despite declines in monthly Per Capita Consumer Expenditure, expenditures on food had increased which indicates a higher demand food in both urban and rural areas. Finally, results suggest that government should take effective measures to reduce the population, new economic policy which increased the demand for variety of food products and increase the agriculture productivity with low cost inputs.
Monetary Policy Rules, Price Stability, Consumer Price Index, Central Bank, Inflation, Wholesale Price Index
To cite this article
S. S. Jeyaraj, Inflation Impact on the Primary Food Products - Emerging Trends and Determinants, International Journal of Economics, Finance and Management Sciences. Vol. 5, No. 1, 2017, pp. 1-14. doi: 10.11648/j.ijefm.20170501.11
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This article is an open access article distributed under the Creative Commons Attribution License ( which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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