Traders sometimes amplify global shocks for higher margins, but the core drivers are structural: import dependence, thin domestic buffers, and exposure to volatile geopolitics
March 2026 presented a picture of cautious stability for vegetarian households and modest relief for non-vegetarian ones. While cheaper onions, potatoes and pulses delivered welcome savings, the surge in tomato, oil and fuel prices ensured that the overall impact remained balanced rather than decisively downward.
While a single monthly reading above 6 per cent does not constitute a formal policy failure, the persistent upward trajectory since early 2026 leaves monetary authorities with little room to manoeuvre.
The authors stress that individual knowledge alone is insufficient. Food environments – marketing, pricing, availability and access – must support healthier choices.
While a single monthly reading above 6 per cent does not constitute a formal policy failure, the persistent upward trajectory since early 2026 leaves monetary authorities with little room to manoeuvre.