Food inflation in India reached a 15-month high of 10.9 percent in October, contributing to a retail inflation rate that peaked at 6.2 percent in 14 months.

This increase in food prices has led to discussions about the Reserve Bank of India's current interest rate policies, as the central bank continues to maintain rates despite rising inflation.

The 2023-24 Economic Survey has proposed a reassessment of the role of food in India's inflation-targeting framework, suggesting a potential change in how food prices are considered in economic assessments.

As inflationary pressures increase, there are growing calls for a rate cut to stimulate economic growth, highlighting the challenge policymakers face in balancing changing consumption patterns and inflation volatility.