The onion curse

The uptick of wholesale prices to a six month high of 6.1% in August, largely fuelled by a 244.6% increase in onion prices, is bad news for the economy. Not only does it set back hopes of a rate cut to boost investments in the monetary policy review by the RBI at the end of the week, it also highlights the government's continuing inability to manage the food economy and rein in volatility of food prices.

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