It’s a widely-held belief in India that a good monsoon brings with it a drop in food prices.
But a study by brokerage Nomura, which analysed India’s food inflation over the last 15 years, found that this correlation may not be accurate.
“It is not empirically evident that below-normal monsoon rains lead to high food price inflation, while normal monsoon rainfall leads to low food price inflation,” the brokerage said in report on May 25.
एक टिप्पणी भेजें