Retail Inflation at 4.8 per Cent Highest in 12 Yrs of Modi Govt: Pralhad Joshi
Higher food prices drove the increase as wholesale inflation stayed near double digits for a fourth month, government data showed.
- Union Minister Prahlad Joshi reported today in Hubballi that India's retail inflation rose to 4.8% in August, while wholesale inflation increased to 9.9%.
- The Minister claimed that rising costs stem from El Nino, natural calamities, and the war in West Asia, which disrupted supply chains through the Strait of Hormuz blockade.
- While retail inflation rose from 4.4% in July, Joshi asserted it remains below the double-digit levels during the UPA regime under Sonia Gandhi and Rahul Gandhi, where inflation exceeded 10% for over eight years.
- Dismissing criticism from the Opposition, Joshi alleged that political opponents ignore economic performance and criticized Congress's stance regarding officials during a Ganesh festival incident in Narsipur.
- Prime Minister Narendra Modi will launch the month-long 'Seva Sankalp Abhiyan' on September 17 to mark his 25 years in public life, seeking public input for a 'Viksit Bharat' by 2047.
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Highest retail inflation under Modi is 4.8%, under UPA it was almost 10%, says Joshi
Union Minister for Education, Consumer Affairs, Food and Public Distribution Pralhad Joshi on Tuesday said retail inflation, which has risen to 4.8%per cent, was the highest so far during 12 years of Prime Minister Narendra Modi government, while under UPA regime it had had crossed double digits and never came down to single digit.
The Economic Times
The PrintRetail inflation at 4.8 per cent highest in 12 yrs of Modi govt: Pralhad Joshi
Union Minister Pralhad Joshi acknowledged rising retail inflation, citing El Nino and natural calamities as causes. He stated efforts are underway to bring inflation under control, contrasting it with past UPA tenures. The minister also promoted the Seva Sankalp Abhiyan campaign for public input. This initiative aims to gather ideas for developing India by 2047. Joshi also criticised the Congress party's stance on Hindu festival celebrations.
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