If FM doesn’t see ‘red’ now, she does not represent average family: Chidambaram on retail inflation
PTI, Sep 13, 2022, 5:25 PM IST
Senior Congress leader P Chidambaram on Tuesday attacked Finance Minister Nirmala Sitharaman over retail inflation rising to 7 per cent, saying if she doesn’t see ”red” even now, it can be concluded that she does not represent the average family in India.
After declining for three months, retail inflation rose to 7 per cent in August due to higher food prices.
”Only a few days ago, the Honourable FM said that inflation was not a ‘red-lettered priority’ for her. India’s retail inflation surged to 7 per cent yesterday. Food inflation is 7.62 per cent,” Chidambaram said in a tweet.
”If the Honourable FM doesn’t see ‘red’ even now, we can only conclude that she does not represent the average family in India,” the former finance minister said.
The Consumer Price Index (CPI) based inflation, which is factored in by RBI while deciding the monetary policy, has remained above the central bank’s comfort level of 6 per cent for eight months in a row. CPI inflation was 6.71 per cent in July and 5.3 per cent in August 2021.
According to data released by the National Statistical Office (NSO) on Monday, the inflation in food basket was 7.62 per cent in August, up from 6.69 per cent in July and 3.11 per cent in August 2021.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
‘Shaurya Smarak’ of three fallen Army officers unveiled in Jammu
BJP drops Poonam Mahajan, picks 26/11 prosecutor Ujjwal Nikam from Mumbai North Central seat
UP college students clear exam with ‘Jai Shri Ram’ on answer sheets, two professors suspended
Car catches fire in Gurugram, driver escapes by jumping into manhole
MP: Teen ends life over father’s violent behaviour towards her mother
MUST WATCH
Latest Additions
With impact player, it is getting difficult each and every day: Pant
Congress in K’taka to stage protest on Apr 28 against ‘paltry’ drought relief given by Centre
McGurk, Stubbs rock as DC beat MI by 10 runs
‘Shaurya Smarak’ of three fallen Army officers unveiled in Jammu
BJP drops Poonam Mahajan, picks 26/11 prosecutor Ujjwal Nikam from Mumbai North Central seat