Nomura sees over 9% food inflation for India in 2022

India’s food inflation will likely see the highest print at 9.1 per cent in the second half of 2022 due to rising feedstock costs, according to a Nomura report. The report also sees food inflation surging in the second half of the year for entire Asia. China’s stringent Covid measures along with swine fever in Thailand and an excessive heat wave in India are some of the reasons that could spur food prices further, it added.