New Delhi: Inflation is rising rapidly everywhere in the country. From flour and dal to tomatoes, many things have become expensive. The country's retail inflation fell from 5.3 per cent to 4.4 per cent in October, but fuel prices rose to 13.6 per cent in October. Inflation averages 5.2 per cent in the coming few months, slightly below the 2021 forecast of 5.5 per cent, Fitch reported. It is not that India is the only one in the grip of inflation.
Before corona, a 15 kg box of mustard oil used to come for Rs. 2800-3000 in Delhi. 1000, now the price has gone up to Rs.2200-2500. The prices of vegetables skyrocketed in Kerala, Karnataka, Andhra Pradesh and Tamil Nadu due to heavy rains. The price of tomatoes crossed Rs.
On November 1, Indian Oil, the country's largest state-owned oil company, had hiked commercial gas cylinder prices by Rs 268 per cylinder. In Delhi, the price of 19 kg commercial gas cylinder increased by Rs 268 per cylinder to Rs 2000.50. However, the reduction in tax from petrol and diesel by the Central Government and more than 22 State Governments in early November also provided some relief to the people. After the withdrawal of 50 lakh barrels of crude oil from the strategic reserves by the Government, its prices are likely to come down further.