Mehengaai ka bhuchaal: Congress slams Centre over 2-yr high retail inflation
· India · Times of India, The Hindu
Congress general secretary Jairam Ramesh criticised the Modi government on Friday over retail inflation reaching a two-year high of 6.09 percent. He described the economic situation as an earthquake of inflation that has severely squeezed household budgets across the country. Ramesh stated that prices have increased across 11 of the 12 consumption categories, with food inflation standing at 8.94 percent. He specifically highlighted sharp price spikes in essential items, noting that onions have become 116 percent more expensive, garlic 60 percent, and ginger 48 percent. The opposition leader also warned that rising costs of everyday necessities alongside potential interest rate hikes would further burden ordinary citizens.
Why it matters
Rising retail and food inflation directly reduces the purchasing power of Indian households, straining everyday budgets for kitchen essentials and basic necessities.
Read the original report — Times of India
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