The price hike is burning the pockets of the common man..!?
Consumer Price Index rose to 5.55 in november due to increase in prices of vegetables, fruits, grains and sugar. Consumer Price Index (CPI) inflation hit a three-month high in November. cpi inflation was at its lowest level in the previous three months. Consumer food price inflation in october It was 6.61. In november it was per cent. It was 8.7. According to information provided by various government departments, there was an increase in industrial activities in November. The benefits of the reduction in inflation in recent months and the increase in GDP growth have not reached everyone. This is due to decrease in purchasing power. cpi inflation in november is not the only cause for concern, with rural markets reporting higher inflation than urban areas.
Inflation is no longer uniform across countries. Inflation in delhi is very low at only 3.1%. In the same Odisha, it is twice as much as 7.65 percent. It is 3.56% in Chhattisgarh, 7% in rajasthan and 6.8% in Haryana. Among the other 22 major states, Gujarat, Bihar, Karnataka, Telangana, Haryana, rajasthan and punjab saw inflation above the RBI's set limit of 6 percent.
Inflation of grains has been in double digits for the past one year. Although the government has taken many measures to stabilize the prices of wheat and rice through the open market sale scheme, control has not been possible. The price of rice is increasing due to lack of good harvest. The same story applies to wheat prices. This time the supply of garlic from maharashtra is reduced as the garlic crop is not good due to weather extremes. garlic is grown extensively in Nashik and Pune. However, this time the crop did not grow well due to extreme weather conditions. This has led to a huge rise in the price of garlic.