Prices of potato, tomato, onion, wheat flour, pulses, LPG, petrol and diesel are skyrocketing, becoming difficult for the poor to make ends meet: Oppt Leader
The supply of vegetables from Delhi, Punjab, Haryana, Uttar Pradesh and Himachal Pradesh to the Azadpur mandi are currently down by 20 per cent on an average.
Supply chain disruptions persist, resulting in inflation pressures across segments, RBI Governor Shaktikanta Das said while announcing the decisions taken by the central bank’s Monetary Policy Committee (MPC).
Finance Minister Nirmala Sitharaman further said that despite all worries on industrial production front in the fourth quarter of 2018-19, "we see clear signs" of improvement up to July 2019.
In its first bi-monthly policy for FY20 in April, the Reserve Bank of India (RBI) had forecast the retail inflation to be hovering in the range of 2.9-3 per cent for six months till September.
'During 2014-19, the country would register an average growth of 7.4 per cent and the average inflation would be less than 4.5 per cent,' said PM Modi.
The Wholesale Price Index data for January, furnished by the Ministry of Commerce and Industry, showed that wholesale prices rose on a slower rate than the rise of 3.80 per cent reported for December 2018.