Inflation

INFLATION:- Inflation proceeds in sub-zero zone for sestet-spot hebdomads, immanent commodities quieten as high as 10.85 per penny. sweeping Price Index remained in the negative zone for six week in a row but ironically the rate of set rise in essential commodities is still as high as 10.85 pinching common man. Inflation for the week ended July 11 stood at -1.17 per cent compared to -1.21 percent in the previous week, as nourishment articles like pulses, cereals, fruit, and ve put upables turned expensive. The wholesale price index during the correspondent week a division ago was as high as 12.13 per cent. In fact, sell prices of loose tea skyrocketed by 147.74 per cent in July, dapple its wholesale prices zoomed up by 141.3 per cent, according to data presumption by minister of state for finance Namo Narain Meena to the Rajya Sabha in a written reply. Prices of certain edible oils have also climbed significantly. monkey nut oil saw prices rising by 81.5 per cent on retail counters, while its wholesale prices rose by 68.03 per cent. Also, rice, wheat, gram, sugar, milk, onion, salt, etc became dearer all over the months, data showed. In the first week of July 2009, inflation in all commodities was -1.21 percent as against inflation in essential commodities at 10.85 per cent, Meena had said.

He had said that the prices of essential commodities continue to remain high due to lower agriculture production in some crops and increase in the minimum support prices and fruit in demand. The prices of essential commodities have risen steadily from 6.1 per cent in April 2008 to 11.3 per cent in June this year, the minister had said. However, the inflation, as calculated by wholesale price index, has fallen due to slowdown in global prices of items like fuel, metals and oilseeds, he had said. The contrast amidst high consumer price inflation and negative wholesale price inflation, the government said was mainly due to high weightage of food prices in the former. There is divergence between high... If you want to get a full essay, order it on our website: Orderessay

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