# India's retail inflation eases in August, upside risks remain | Reuters

> India's government banned exports of non-basmati white rice in July and imposed a 20% duty on parboiled rice exports, plus a 40% tax on onion exports. It has also banned wheat exports since last year. Retail inflation eased in August but upside risks remain.

- Date: 2023-09-12 · published 2023-09-12T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/34050-india-s-retail-inflation-eases-in-august-upside-risks-remain-reuters
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

India's rice export ban and duties remove a large share of world rice trade, supporting global rice prices while domestic inflation policy continues to restrict supply.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-09-09 | [India's rice curbs to lift prices, stoke food inflation worries \| Reuters](https://feedsoft.ai/events/39561-india-s-rice-curbs-to-lift-prices-stoke-food-inflation-worries-reuters.md) | +5.0% | -0.5% |
| RICE | 2023-07-20 | [India imposes major rice export ban, triggering inflation fears \| Reuters](https://feedsoft.ai/events/35004-india-imposes-major-rice-export-ban-triggering-inflation-fears-reuters.md) | +1.3% | -0.6% |
| RICE | 2023-07-13 | [India Considers Banning Most Rice Exports on Inflation Fears - Bloomberg](https://feedsoft.ai/events/5094-india-considers-banning-most-rice-exports-on-inflation-fears-bloomberg.md) | -18.5% | -16.3% |
| RICE | 2026-08-25 | [INDIA IMPOSES MAJOR RICE EXPORT BAN, TRIGGERING INFLATION FEARS](https://feedsoft.ai/events/17882-india-imposes-major-rice-export-ban-triggering-inflation-fears.md) | +4.8% | +10.1% |
| RICE | 2022-08-26 | [India considers curbs on exports of 100% broken rice \| Reuters](https://feedsoft.ai/events/39983-india-considers-curbs-on-exports-of-100-broken-rice-reuters.md) | +1.3% | +1.3% |
| WHEAT | 2022-06-27 | [Food export bans, from India to Argentina, risk fueling inflation](https://feedsoft.ai/events/14025-food-export-bans-from-india-to-argentina-risk-fueling-inflation.md) | +1.0% | -4.8% |
| WHEAT | 2022-05-14 | [India says ban on wheat exports is to check unregulated trade \| Reuters](https://feedsoft.ai/events/41368-india-says-ban-on-wheat-exports-is-to-check-unregulated-trade-reuters.md) | +4.0% | -0.3% |
| WHEAT | 2024-05-07 | [INDIA ELECTIONS: Restrictive steps for wheat, rice exports may persist amid sticky inflation \| S&P Global](https://feedsoft.ai/events/30206-india-elections-restrictive-steps-for-wheat-rice-exports-may-persist-amid.md) | +1.7% | +6.7% |

## Sources

- reuters.com: https://www.reuters.com/business/retail-consumer/indias-retail-inflation-eases-683-august-2023-09-12/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.