![]() ![]() ![]() Economists and experts are closely monitoring these developments as they shape the economic landscape. The situation underscores the complex interplay of various factors that impact inflation rates. The breakdown of retail inflation includes 37.43% attributed to vegetables and 13% to cereals and related products. Rural and urban inflation have both seen significant increases, with rural retail inflation rising from 5.11% to 9.30%, and urban inflation soaring from 5% to 10.90%. Additionally, welfare measures, including subsidies on cooking gas, electricity, and health insurance, have injected more money into the economy, adding to the inflationary pressure. The decision to raise the maximum poll spending limit for candidates has also contributed to the inflation surge. The recent dry spell has impacted vegetable crops, suggesting that prices may remain elevated due to deficient rainfall.ĭuring election periods, additional cash flow into the public's hands leads to heightened demand, driving up prices. The spike in inflation can be traced back to disruptions in vegetable supply chains caused by rains, election-related expenditures leading to increased liquidity, and a low base effect. Notably, Rajasthan recorded the highest inflation rate of 9.7%, closely followed by Jharkhand at 9.2%. This increase is primarily attributed to the elevated prices of vegetables and cereals. The latest economic data reveals that retail inflation in India surged to a 15-month high of 7.4% in July, up from 4.9% in June. □ Retail Inflation Hits 15-Month High in India □ ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |