- India's surging food prices are causing restaurants to raise prices and cut back on ingredients.
- Vegetable prices increased by 37% YoY in July, with tomato prices surging by 1,400% in some wholesale markets.
- Erratic weather, including heavy rains and heat, has disrupted food supply chains and reduced crop yields.
- The Reserve Bank of India expects food prices to start falling from September, but some economists believe the rise will last longer.
- The Indian government has imposed export taxes and import restrictions to increase domestic supply and lower prices.
India’s surging food prices are a problem not just for India
Costly government action could raise prices elsewhere | Graphic detail
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