El Nino likely to impact food prices, inflation projected to settle in 5.2–5.5 pc range in FY27
New Delhi, June 14 (IANS) There is 80 per cent likelihood of an El Nino event during the June–August period and probabilities for this, to continue until at least November, are near or above 90 per cent, according to a new report. However, the reservoir level is more than normal storage (till June 11) in the country and the arrivals statistics of vegetables are also satisfactory.