Inflation

INFLATION:- Inflation confronts in sub-zero zone for sixsome weeks, of the essence(p) commodities til now as high as 10.85 per centime. in large quantities Price Index remained in the negative zone for six week in a row but ironically the rate of price 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 food articles like pulses, cereals, fruit, and ve charterables turned expensive. The sweeping 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, enchantment its wholesale prices zoomed up by 141.3 per cent, according to data attached 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. goober 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 everywhere 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 gain 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 measured by wholesale price index, has fallen due to slowdown in global prices of items like fuel, metals and oilseeds, he had said. The contrast between 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: Ordercustompaper.com

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