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Pralhad Joshi Calls 4.8% Inflation Highest Under Modi Government

Pralhad Joshi Calls 4.8% Inflation Highest Under Modi Government
Retail inflation at 4.8 per cent highest in 12 yrs of Modi govt: Pralhad Joshi · theprint.in

India’s retail inflation rose to about 4.8 percent in August.

This means many everyday goods, especially food, became more expensive.

Minister Pralhad Joshi said this was the highest inflation rate during Narendra Modi’s 12 years as prime minister.

He said El Nino, natural disasters and international problems helped cause the increase.

Government data mainly linked the rise to higher food prices.

Joshi said the government is working to control inflation.

He compared the current figure with higher inflation during the previous UPA government.

He also asked people to share ideas through a public campaign for India’s development by 2047.

Key facts

August retail inflation
4.82%
Main reported driver
Higher food prices
Claimed period record
Highest during the 12 years of Narendra Modi’s government, according to Pralhad Joshi
Factors cited by Joshi
El Nino, natural calamities, international problems and the war in West Asia
Earlier inflation claim
Joshi said inflation under the previous UPA tenure was about 10% or higher for more than eight years
Public campaign
Seva Sankalp Abhiyan is scheduled to begin September 17
Campaign goal
Gather public ideas for making India developed by 2047

Quotes

Pralhad Joshi

Union Minister for Consumer Affairs, Food and Public Distribution

“Today, these people are talking about 4.8 per cent. We are also very sensitive to this 4.8 per cent and continuous efforts are being made to bring it under control. But there are international problems and natural problems or natural calamities that are responsible for this.”
theprint.in
“Until five or six months ago, before the war in West Asia began, our retail inflation was around one per cent or 1.5 per cent.”
theprint.in

Sources

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