India's food inflation hits 4.2% in April, third-highest globally behind Russia and Brazil
India's April food inflation printed at 4.2%, trailing only Russia (5.9%) and Brazil (4.4%), and running ahead of the US, UK, Germany, France, Japan and China. Tomatoes, coconut and cauliflower were the key domestic price drivers, squeezing kitchen budgets and pressuring QSR and grocery margins.
India's April food inflation hit 4.2%, third highest globally behind Russia (5.9%) and Brazil (4.4%), ahead of US, UK, Germany, France, Japan and China. Tomatoes, coconut and cauliflower were key domestic price drivers.