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Thursday, July 26, 2012

Food Inflation - Jan 2011 - Jun 2012

It is not surprising to see that inflation in food prices is the highest among all items in the Wholesale Price Index data.

Here are some graphs drawn with data from the Wholesale Price Index for articles that are food related.  The WPI index is released every month and I will try to update the graphs on a monthly basis.

Each item is indexed at 100 with the base year as 2004-05.

The following graph contains all items that goes to make a coffee or tea.

Wholesale Prices - Dairy & Associated
items that is used for Coffee/Tea
Oil is an essential item on our diet.  India imports quite a huge amount of edible oil due to supply not matching demand.  The following includes most items excluding coconut oil which is not used in a big way for food.

Wholesale Prices - Edible Oils
This item is the most volatile of all items.  Some of the vegetables are seasonal as well and hence some of the data is not available.

Wholesale Price Index - Vegetables
Foodgrains are an essential item and with the monsoon failing this is going to be the item with the most inflation in the coming months.  Watch out for the price rise.

Wholesale Price Index - Foodgrains
 All the above graphs represent the wholesale prices which is more tied to the demand (thus a possibility of prices artificially inflated as well) as well as the production cost and production (supply).

The retail prices aren't aggregated as much as the wholesale price data.

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