Inflation rises to about 4 percent, prices of various pulses and vegetables festive

New delhi date. October 15, 2019 Tuesday

On the eve of the Diwali festival, inflation rose to 3.99. Particularly the prices of vegetables and various pulses were so high that they broke the middle class waist.

The maximum inflation figure set by the Reserve Bank is seen in the current situation. The inflation was 3.70 in September last year. This time it increased to 3.99 by the end of September.

Consumer price index rose 5.11 percent to 2.99 in August, according to data released on Monday by the National Statistics Organization. The inflation rate rose to 3.28, the highest in the first ten months.

Vegetable prices were up more than 15 percent. Economists believed that the necessities of life were going beyond the reach of the middle class day by day.

The increase in the prices of cereals and pulses during the festive days thus created the situation that the common man had to be taken away during the festival.

The economists say that the Reserve Bank will reduce repo rate once again in the near future.