The Relationship Between Monsoons And Food Prices In India Isn’t As Simple As It Seems?
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.
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