Undeniably, price rise disturbs consumers at this point in time. There remains an apparent hike in the price of pulses. The moong dal prices have definitely gone upward. There is no way to deny it.
Like the daily soaring temperature, prices are increasing. Whether it is wholesale or retail prices there remains a spurt in them. Even the data approve such trends in full details. However, the consumers find no cut in rising prices.
The wholesale inflation has increased to 1.26% in April. This is the highest level of inflation in 13 months, as reports claim.
So, this is bound to impact the retail prices. It cannot be denied altogether. But the common man has no other option than to humbly bear it.
Earlier in March 2023, the wholesale inflation rate was 1.34%. Inflation has increased due to the increase in prices of food items, as the market trends show amply.
Whereas a month before this, in March 2024, it was recorded at 0.53%. Whereas wholesale inflation was 0.20% in February and 0.27% in January respectively.
Wholesale inflation was 0.20% in February and 0.27% in January. Food inflation increased from 4.65% to 5.52%.
The inflation rate of daily goods has really increased from 4.51% to 5.01%. With perhaps the exception of concern over inflation, all of these trends have criticised the comfort-driven straight expectations of traditional consumers.
However, food items have become expensive since April. The inflation rate in March 2024 was 4.85%. The food inflation rate has increased from 8.52% to 8.78%.
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