People are facing inflation in the country. Inflation rise | ZNDM NEWS |
People are suffering due to inflation in the country. Statistics show that the economy is not doing well. According to official figures, the price of vegetables has increased by 50 percent in the month of Farwari as compared to last year.
People are suffering due to inflation in the country. Statistics show that the economy is not doing well. According to official figures, the price of vegetables has increased by 50 percent in the month of Farwari as compared to last year. Just a month before this, i.e. in January, there was a 60 percent jump in the price of vegetables. According to experts, the increase of 50 to 60 percent is not at all modest.
Apart from this, the price of pulses has risen by about 17% in January-February, there was a strong rise in the price in December and prices were increased by 15%. Prices of meat, fish and eggs increased by about 11% in January. It can be seasonal. The entire food basket became expensive by about 14% in February. Inflation in January was slightly higher than this. But the decline is so slight that there is no such thing as relief in it.
Meaning inflation is currently the highest in 68 months, along with that another figure has come which shows that the factory production decreased by 0.3 per cent in the month of December. That is, the factory output in which recovery was being estimated It is not visible far and wide. This phase is called stagflation in technical language - stagnation (sluggishness) and inflation (inflation). Meaning income has not increased.
In such a situation, the poor have suffered the most on inflation. Government statistics show that a large proportion of the consumption basket of poor families consists of food and drink only. A large part of their income is spent in this. In such a situation, the worst effect of such inflation falls on this section.
In recent times, railway tickets have become expensive, LPG price has gone up, FMCG companies have indicated to increase prices. It is going to have an impact on inflation further, the only relief is that crude oil has become a little soft in the international market, but according to that, diesel-petrol has not become cheaper in our country so that the common man can get relief.