We are witnessing a surge in inflation (in India) and this time the soaring numbers are reflecting the CPI. It would be interesting to see how the government tackles the situation.
The inflation figures are soaring due to rise in prices of food items, primarily potato (136%), pulses (40%), onion (15.4%) and wheat (14%). Supply side constraint has been sighted as the primary reason behind this recent surge. It’s true keeping in mind the draughts and floods that we have faced this year. To… Continue