With demand outpacing supply, vegetable inflation has trended up in the past four years with consumer price index (CPI) vegetable inflation averaging 5.7 per cent during fiscals 2020 to 2023, rating agency Crisil said.
On the other hand, CPI vegetable inflation averaged zero per cent during fiscals 2016 to 2019, with interim periods of sharp deflation and steep inflation, mostly led by weather shocks, it said. “Vegetable inflation in India has been trending up, with more frequent price spikes in recent years. In fact, vegetable inflation also has been the most volatile in the food category,” Crisil said.
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