Dramatic food inflation in India. Prices are up double digits.

An Indian economist reports:

“While headline food inflation may have come down to single digits last week, prices on the streets do not seem to be cooling off proportionally. Adding to the woes are unseasonal rains in India’s western region and floods in the southern part. Shivram—a wholesale vegetable dealer in Chennai—says that the recent floods have devastated standing crops, including vegetables, and are sending prices up. Dealer checks in Nagpur too confirm similar trends: prices of most vegetables have increased by more than 40% in the last fortnight, with the commonly-used onion leading the charge with a ~100% increase in Mumbai and Chennai.
The recent surge in oil prices—of >10% over the last month—has lead to expectations of inflation spiraling up again and amplified concerns over government finances due to the higher oil subsidy bill. “

This is bound to be extremely disruptive in a country where the poor spend most of their income on food.