New Delhi, July 20 -- Below-normal rainfall does not necessarily lead to higher food prices, as the impact on food inflation depends more on the spatial distribution of rainfall across months and states than on the overall rainfall deficit, according to a report by the State Bank of India (SBI).

The report said the impact of rainfall on food inflation is likely to remain contained, noting that historical data shows there is no direct relationship between deficient rainfall and a sharp rise in food prices.

It stated, "Low rains per se do not lead to higher food prices... it depends upon spatial distribution among months and states."

According to the report, well-distributed rainfall can help support agricultural output even if overall r...