Retail inflation rises to 3.99 per cent in September, wholesale inflation down to 0.33 per cent

New Delhi, October 14, 2019, Monday

Retail inflation rose to 3.99 per cent in September from 3.21 per cent in August, when it was at the highest level since October 2018, following the rise in food prices.

However, it is still within the four percent limit set by the Reserve Bank. Food inflation rose to 5.11 percent in September, from 2.99 percent in August.

On the other hand, the inflation based on livestock inflation stood at 0.33 percent, which is at the bottom of three years. In August, inflation was 1.08 percent. According to the Wholesale Price Index data released by the Ministry of Commerce and Industry, there has been a trend of falling inflation on an annual basis as inflation has increased by 5.22% during this period of 2018. Earlier, inflation was at the bottom of June 2016. Inflation was 0.1 percent negative at that time.

Meanwhile, Union Finance Minister Nirmala Sitharaman's husband and eminent economist Parakala Prabhakar criticized the Center's Modi government for the downturn and advised her to take appropriate action.

Prabhakar's statement is being widely discussed and praised as Prabhakar's wife Nirmala Sitharaman is the finance minister. Former Andhra Pradesh government adviser Parkela Prabhakar, 60, also criticized the ruling BJP.

He said that the ruling party has been criticizing the Nehruvian economic system but this ruling party could not offer any alternative to Nehru's economic system. They wrote an article in which they criticized.

In this article, Prabhakar further said that the economic situation in the country is bad at present, even though the government is denying this, the statistics that are coming up against the economy are coming to realize that many sectors are facing the same economic crisis and crisis. Is.