Rajan sets out five-point plan to tackle food inflation


Raghuram Rajan yesterday argued that monetary policy can play a role in controlling India's persistently high food inflation, but intimated that government measures would be necessary to shackle it completely.

Annual CPI inflation has averaged around 10% over the past two years, and food inflation has consistently been responsible for more than half of this headline figure.

Because the government regulates food prices by setting minimum support prices (MSPs) on a number of key crops, the Reserve

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