It is interesting to see that average food inflation declined to 3.8 percent per annum during the 8-year period 2000–08 from 7.1 percent per annum in the second half of the 1990s despite higher GDP growth of 7.2 per cent per annum as against 6.7 per cent in the  1  Estimated trend based on Bai-Peron methodology covering monthly WPI data for the period 1994: April to 2013:November.
2  BIS central bankers’ speeches  preceding period. The period 2000–08 experienced two years of deficient monsoon in 2002–03 and 2004–05, in spite of that food inflation remained contained suggesting in a way that the impact of monsoon on food inflation has waned.