nflation control pays off

Retail prices of most edible commodities decline, stabilise.

The government’s inflation control measures have begun to pay off, with retail prices of most edible commodities either declining or remaining stable in the last one month.

However, these prices are still high compared with what they were six month ago and even a year ago. Price of rice, for instance, is still 20 per cent higher compared with the price even six months back.

Moreover, there has been no decline in the prices of rice even after the government banned the export of non-basmati rice and extended the export ban on pulses.

Only sugar prices have increased by Re 1 per kg in the last month, to Rs 18, which is also an increase of Rs 2 per kg, or 12.5 per cent, over the last six months.