Not really, if one looks at how food prices have moved in recent years. Here are the numbers for annual wholesale food price inflation in the past five years, beginning 2014-15: 5.6%, 2.6%, 4%, 2% and 0.4%. Under the watch of a government with a hawk-eyed policy on inflation, food prices have been kept under a tight lid. Note that in April, retail food inflation, at 0.7%, trailed headline inflation recorded at 3.4%. The latest spike in wholesale food prices is largely driven by seasonal factors, since the supply of green vegetables is lower now.

Source: Mint May 15, 2019 11:15 UTC