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November 30, 2022

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Inflation hit: RBI may increase repo rate further, oil and pulses cheap in a month, tomato-potato expensive

2 min read

According to consumer ministry data, palm oil prices have come down from Rs 157.69 a liter to Rs 155.94 in a month. The price of mustard oil has come down from Rs 184.95 to Rs 183.16. The price of tea leaves has come down from Rs 286.97 to Rs 284.21 and that of onion has come down from Rs 24.16 to Rs 23.81.

The effect of RBI’s efforts to control inflation is visible on pulses and oil. But rising prices of tomatoes and potatoes may spoil it. According to consumer ministry data, tomato has increased from Rs 31.64 per kg to Rs 52.32 per kg in a month. It has increased by more than 70 percent. The price of potato has increased from Rs 20.93 to Rs 24.12 per kg. It has seen an increase of 17 percent.

RBI had increased the repo rate by 0.40 per cent on May 4 and it is expected that it may increase the rates on June 8 as well. Food Secretary Sudhanshu Pandey has said that tomato prices in South India will stabilize in two weeks. In some parts of the country, tomatoes are being sold for Rs 50 to 100 per kg. He said that the price of tomato is stable in Delhi and in the areas where its prices have increased, the crops have been affected due to rains.

Wheat and flour prices increased
1. On May 13, the government tried to reduce the prices of wheat by banning exports, but it is still becoming expensive. Reached from Rs 28.75 to Rs 29.57 in a month.
2. The price of flour increased from Rs 29.29 to Rs 33.44 per kg. Moong dal has reached Rs 102.27 to Rs 102.8 per kg while masoor dal has reached from Rs 96.40 to Rs 96.83.
Palm oil, mustard oil prices down

3. According to consumer ministry data, palm oil prices have come down from Rs 157.69 a liter to Rs 155.94 in a month. The price of mustard oil has come down from Rs 184.95 to Rs 183.16.
4. The price of tea leaves has come down from Rs 286.97 to Rs 284.21 and that of onion has come down from Rs 24.16 to Rs 23.81. Salt has gone up from Rs 19.48 to Rs 19.49.

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