Team Blitz India
NEW DELHI: Union Finance Minister Nirmala Sithraman on February 6 said prices of perishable items have come down and are well within the tolerance band.
To a query raised by AIADMK’s M Thambi Durai on the rise in retail inflation, during the Question Hour in Rajya Sabha, she detailed the interventions made by her Government to keep in check the price rise.
“The prices have started coming down and are well within the tolerance band. Lots of steps have been taken by the government, particularly for meeting the shortage in supply of perishables,” Sitharaman said.
Retail inflation in India, though, is in the RBI’s 2-6 per cent comfort level but is above the ideal 4 per cent scenario. In December, the retail inflation was 5.69 per cent.
India does not grow enough pulses to meet its annual demand, and much of it is met through imports.
