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@article{183601,
        author = {Neelam Ansari and Dr. Rohini A. Kelkar},
        title = {A Comparative Study of Food Inflation Trends in India and Indonesia: 2010–2025},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {3},
        pages = {2279-2285},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=183601},
        abstract = {Food inflation is a pressing concern for developing nations like India and Indonesia, where a large portion of household income is devoted to food consumption. Persistent increases in food prices pose risks not only to individual welfare but also to macroeconomic stability, especially in the wake of global disruptions such as pandemics or climate-induced shocks. This study explores the food inflation trends in both countries from 2010 to 2023 and investigates the macroeconomic and structural factors driving these trends. By comparing the patterns of food inflation, this research provides insights into the shared and distinct challenges faced by the two economies. The study also evaluates the effectiveness of monetary policies, such as India’s Flexible Inflation Targeting (FIT) framework and Indonesia’s stabilization mechanisms, in controlling food inflation. Through correlation and paired t-test analysis, it was found that while food inflation in India and Indonesia is strongly correlated, the difference in average inflation rates is not statistically significant. The findings suggest that global economic forces and commodity prices influence both nations similarly, although their domestic policy responses and market dynamics may differ. This comparative perspective aims to contribute to more coordinated and effective inflation management strategies across emerging economies.},
        keywords = {Food Inflation, India, Indonesia, Monetary Policy.},
        month = {August},
        }