Economy Food inflation likely to go up to 2% in FY20: Report Updated : March 25, 2019 03:52 PM IST It can be noted that the low food prices have been one of the prime factors which has aided the RBI to be more accommodatory in its rate setting recently. In the report, foreign brokerage Goldman Sachs attributed the low food prices in the last few months to the prices of cereals and vegetables which have been low for some time. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.