CONTRARY to finance ministry claims, most experts believe that higher inflation will adversely impact the poor, as India registered 7.8% inflation in April, much higher than the upper limit of Reserve Bank India's range set for the inflation.
Experts' opinion is in complete contradiction to what the finance ministry said in its monthly economic review, asserting less impact on the poor than the rich. The combined food and beverages basket has a weight of 45.86% in CPI and there has been more than 8% rise in food items in April, as per the data released by the Ministry of Statistics and Programme Implementation.
Within food and beverages, vegetable prices saw 15% yearon-year rise, while oil and fats prices registered a growth of over 17% in April.
The poor spend more on consumption of food items and transport. The fuel prices skyrocketed in recent months, registering a 10.8% rise in April.
هذه القصة مأخوذة من طبعة May 15, 2022 من The New Indian Express.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة May 15, 2022 من The New Indian Express.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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