Worries about the inflation continues and are haunting UPA government.
Increasing food and fuel price has further increased the inflation to 8.24%. This inflation percentage is till 24th may. With this growing inflation government of India has further increased the fuel and gas price.
The increase is by Rs 5 for petrol, Rs 3 for diesel and a cylinder of cooking gas is now increased by Rs 50.
Analysts say that this inflation may go past 9% which was seen some 13 years back.
Now the government is to keep a constant price ahead of state polls this year and central election i.e. national election next year. Already Congress has lost their power in few states recent one is Karnataka.
Government is trying hard to keep the inflation low by cutting import duties on edible oil. And have banned the export of rice. Government is even forcing cement and steel companies to cut the price.
Lets see how UPA government tackles this problem.
~~Cheers~~
i am sure that inflation will go beyond 10% inspite of govts measure
ReplyDeleteas long as oil price increases... the inflation will also increase... all the countries should try and convence the oil producing countries to stop the price hike...
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