SBI report cautions food price rise over possible crop loss due to excess rains

With La Nina getting precedence going ahead, excess rainfalls could result in crop loss and thus a negative impact on food prices, SBI Research report, authored by Soumya Kanti Ghosh, Group Chief Economic Advisor, said. Theoretically, La Nina brings cooler temperatures and a general increase in rainfall in a region. For the whole of 2024-25, retail inflation is likely to average 4.6-4.7 per cent. In June, it breached 5 per cent.