India's July retail inflation rate of 3.54 per cent has reached a five-year low, signalling a positive shift for the economy. This decline, largely due to a decrease in food inflation and a favourable base effect, has exceeded expectations and brought relief to consumers and policymakers alike.
Vegetable prices had shot up by as much as 29.32 per cent in June as the scorching heat wave in the northern states hit production.
Middle and lower-income group consumers are the worst hit by the exorbitant price of potatoes at Rs 35-40 per kg in the retail markets.
The BJP requested the AAP government for special vans in each Municipal ward be sent to sell subsidised vegetables.
The inflation in the food basket was 11.51 percent in July compared to 4.55 percent in June and 6.69 percent in July 2022.
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The price rise in these two perishable vegetables was due to supply disruption in the wake of heavy rains and floods in the main growing states like Maharasthra and Karnataka.
