Vegetable inflation in India remains the most volatile component of food inflation
In fiscal 2024, while the usual high volatility played out, there were other anomalies that pushed inflation higher. These disturbances included warmer weather, uneven rains and pest attacks
As a result, the vegetable price index not only missed its typical seasonal winter decline but also outran the seasonal uptick last year. Average vegetable inflation therefore surged higher in fiscal 2024
Rising intensity and recurrence of weather disturbances have led to frequent bouts of volatility in recent years. As climate risks mount, there is a need to mitigate its impact on vegetable production and prices
