Protectionism in India puts new pressure on food prices

India’s soaring food price inflation may worry the world at a time when the Russian president Vladimir Putin To be doubts about the future of a Russian-Ukrainian grain The agreement helped strengthen the global food supply.

India’s consumer price inflation hit 7% in August, leading to sharp price increases for some food items. India’s inflation has now remained above the upper bound of the Reserve Bank of India’s target range — 6% — for eight consecutive months. And food price inflation is likely to continue to rise due to the uneven distribution of monsoons and record heat wave that has limited cultivation and production.

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