India inflation and food prices - How will they fix it?

11/02/2013 - 00:00

Over the past year inflation has been driven up by food prices. In September alone food prices were at their highest level for the past seven months and it seems that India is now going through the worst financial crisis that it has ever experienced since 1991.
The Indian wholesale price index (WPI) rose by 6.46% in September. This was largely due to the fact that food prices have increased beyond control. Since the start of this year onions have increased by 322%, for example. Food prices have increased by an annual rate of 18.4% so far according to data released by the Indian government on Monday this week.