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BUSINESS NEWS ALERT STATE WEST BENGAL

Inflation in States : Highest budget inflation in West Bengal, Rajasthan also among the 10 most expensive states of the country

New Delhi : It seems that now in the year 2022, inflation is not going to be chased away. The inflation data for the month of April, which came on Thursday evening, 12 May, broke the record of the last 8 years. The prices of food and drink have given the maximum damage to the common man, while the prices of clothes, rags to shoes have increased rapidly.

Inflation, which has reached a high level of eight years, is spoiling the budget of the people and food inflation has the highest share in this inflation.

In this report of the government, it has also been told that in which state of the country is the worst hit by inflation. At the same time, there are some states where the rate of inflation is much lower than the national average.

According to the data released on Thursday, the inflation rate in the country is 7.79 percent. Whereas in April last year, retail inflation stood at 4.23 per cent. If we look at the data, then the rate of inflation in states like West Bengal, MP and UP is more than the national average. On the other hand, people in Uttarakhand, Himachal and Delhi have been hit by inflation a little less than other states.

Understand where is your state in statistics

There are many states in the country where the national average inflation rate is more than 7.79 percent. In these states like Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Rajasthan, Gujarat and Madhya Pradesh, inflation is higher than this average. Inflation is 8.46 in UP, 8.95 in Haryana, 7.80 in Jharkhand, 9.10 in Madhya Pradesh, 8.78 in Maharashtra, 8.20 in Gujarat and 8.12 percent in Rajasthan. At the same time, the inflation rate in Delhi is only 6.58 percent, then 7.56 percent in Bihar and 6.77 percent in Uttarakhand.

Food and beverages get 45% weight in retail inflation

Wholesale inflation measures the increase in prices at the wholesaler’s point and takes into account only the increase in the prices of goods, whereas retail inflation measures the price increase at the retailer’s point and includes the increase in the prices of goods and services. change is included. Manufactured goods have the highest weightage of 64.23 per cent in wholesale inflation. Whereas the highest weighting of 45 per cent in retail inflation has been given to food and beverages.

Will interest rates rise again?

Retail inflation in the country has remained consistently above 6 per cent since January 2022. After the sudden monetary policy committee (MPC) meeting of the Reserve Bank last month, Governor Shaktikanta Das had said that the adverse effect of the steep rise in food prices due to the current geopolitical situation is visible in the domestic market as well. , and further inflationary pressures are likely to continue.

RBI had recently increased the repo rate to curb inflation. RBI Governor Shaktikanta Das had announced a sudden hike in the repo rate earlier this month. Now in view of this sweating inflation rate, it is believed that further interest rates may increase again.

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