Retail inflation in July surged to a 15-month high of 7.44 per cent, largely due to high vegetable and cereal prices. Inflation in food items was 11.51 per cent, marking one of the highest monthly readings in almost three years. Tomatoes, other vegetables, pulses, along with spices, have been the main culprits behind this price spiral.
The Centre has implemented multiple measures to alleviate these price increases, some of which have already started showing results (such as a recent decrease in tomato prices at the retail level over the past fortnight).
Looking ahead, senior government officials have assured that more stringent measures are in the pipeline. However, a significant variable in this equation is the monsoon. The rains are currently