Inflation Impact on the Primary Food Products - Emerging Trends and Determinants

S. S. Jeyaraj

doi:doi:10.11648/j.ijefm.20170501.11

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Inflation Impact on the Primary Food Products - Emerging Trends and Determinants

S. S. Jeyaraj

Published in International Journal of Economics, Finance and Management Sciences (Volume 5, Issue 1)

Received: 25 October 2016 Accepted: 11 November 2016 Published: 12 December 2016

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Abstract

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.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 5, Issue 1)
DOI	10.11648/j.ijefm.20170501.11
Page(s)	1-14
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Monetary Policy Rules, Price Stability, Consumer Price Index, Central Bank, Inflation, Wholesale Price Index

References

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[12]	BinduHima. D, “Inflation and Unemployment in India During 1970-1984: The Relevance of Philips curve”, Department of Economics, Stella Maris College, Madras, December 1990, PP. 115-116.
[13]	Barman R. B, Madhusoodanan T. P and Samanta G. P, “Dynamics of Inflation in India and their Modeling by Time Series Analysis”, Reserve Bank of India occasional papers, Vol-15, No-2, June 1994, PP. 103-123.
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APA Style

S. S. Jeyaraj. (2016). Inflation Impact on the Primary Food Products - Emerging Trends and Determinants. International Journal of Economics, Finance and Management Sciences, 5(1), 1-14. https://doi.org/10.11648/j.ijefm.20170501.11

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ACS Style

S. S. Jeyaraj. Inflation Impact on the Primary Food Products - Emerging Trends and Determinants. Int. J. Econ. Finance Manag. Sci. 2016, 5(1), 1-14. doi: 10.11648/j.ijefm.20170501.11

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AMA Style

S. S. Jeyaraj. Inflation Impact on the Primary Food Products - Emerging Trends and Determinants. Int J Econ Finance Manag Sci. 2016;5(1):1-14. doi: 10.11648/j.ijefm.20170501.11

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@article{10.11648/j.ijefm.20170501.11,
  author = {S. S. Jeyaraj},
  title = {Inflation Impact on the Primary Food Products - Emerging Trends and Determinants},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {5},
  number = {1},
  pages = {1-14},
  doi = {10.11648/j.ijefm.20170501.11},
  url = {https://doi.org/10.11648/j.ijefm.20170501.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20170501.11},
  abstract = {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.},
 year = {2016}
}

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TY  - JOUR
T1  - Inflation Impact on the Primary Food Products - Emerging Trends and Determinants
AU  - S. S. Jeyaraj
Y1  - 2016/12/12
PY  - 2016
N1  - https://doi.org/10.11648/j.ijefm.20170501.11
DO  - 10.11648/j.ijefm.20170501.11
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 1
EP  - 14
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20170501.11
AB  - 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.
VL  - 5
IS  - 1
ER  -

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Author Information

S. S. Jeyaraj

Sino-British College, GXUN Business School, Guangxi University for Nationalities, Nanning, China

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APA Style

S. S. Jeyaraj. (2016). Inflation Impact on the Primary Food Products - Emerging Trends and Determinants. International Journal of Economics, Finance and Management Sciences, 5(1), 1-14. https://doi.org/10.11648/j.ijefm.20170501.11

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ACS Style

S. S. Jeyaraj. Inflation Impact on the Primary Food Products - Emerging Trends and Determinants. Int. J. Econ. Finance Manag. Sci. 2016, 5(1), 1-14. doi: 10.11648/j.ijefm.20170501.11

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AMA Style

S. S. Jeyaraj. Inflation Impact on the Primary Food Products - Emerging Trends and Determinants. Int J Econ Finance Manag Sci. 2016;5(1):1-14. doi: 10.11648/j.ijefm.20170501.11

Copy | Download

@article{10.11648/j.ijefm.20170501.11,
  author = {S. S. Jeyaraj},
  title = {Inflation Impact on the Primary Food Products - Emerging Trends and Determinants},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {5},
  number = {1},
  pages = {1-14},
  doi = {10.11648/j.ijefm.20170501.11},
  url = {https://doi.org/10.11648/j.ijefm.20170501.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20170501.11},
  abstract = {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.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Inflation Impact on the Primary Food Products - Emerging Trends and Determinants
AU  - S. S. Jeyaraj
Y1  - 2016/12/12
PY  - 2016
N1  - https://doi.org/10.11648/j.ijefm.20170501.11
DO  - 10.11648/j.ijefm.20170501.11
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 1
EP  - 14
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20170501.11
AB  - 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.
VL  - 5
IS  - 1
ER  -

Copy | Download