Import Surge Drives Down Food Prices

Import surge drives down food prices

The surge in imports of essential food grains and consumer goods eased soaring prices, curbed food inflation, and delivered much-needed relief to consumers.

Despite ongoing discussions about inflation, discounters announce price reductions for food. The reason: households are heavily burdened by high cost of living and they want to strengthen purchasing power. However, there is also an advertising effect behind the measure – one discounter has submitted, others are following suit. Which products are affected and how long-term the reductions will be is still unclear.