As per the data, inflation in food articles rose 10.87 per cent in June, as against 9.82 per cent in May.
Inflation in vegetables was 38.76 per cent during June, up from 32.42 per cent in May. Onion inflation was at 93.35 per cent, while potato was 66.37 per cent in the month under review. Pulses inflation rose 21.64 per cent in June.
Yupp! We can feel it much more in some places! Onion prices have increased 3 to 4 folds at some places within a matter of a few days!
During the month, inflation in other food items like fruits stood at 10.14 per cent, cereals at 9.27 per cent, and milk at 3.37 per cent.
How can we justify this increase even if it coincides with a growing economy? What about the poor and the middle class? Potato which is the most sought after food by the poor and the middle class is selling at a price which I've never ever witnessed before in my entire lifetime....
That's rough. I don't think that's the result of a growing economy. Generally, demand for staples like beans, grains, and potatoes don't increase very much as people grow wealthier.
It seems more likely to be a policy issue.
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