Monsoon To Cool Food Prices; Base Effect May Lift FY27 Inflation
New Delhi: Above-normal monsoon rains and improved sowing conditions are expected to support a benign food inflation trajectory in the second half of the Financial Year (FY) 2026. However, an adverse base is likely to push food inflation higher next year (FY27), according to ICICI Bank’s Global Markets sectoral update on the outlook for wholesale…