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LATEST NEWS UPDATES | Why Telangana’s inflation is high compared to other states -Paul Oommen

Why Telangana’s inflation is high compared to other states -Paul Oommen

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published Published on May 31, 2022   modified Modified on Jun 2, 2022

-TheNewsMinute.com

Telangana is among four states that have recorded the highest inflation in terms of Consumer Price Index, as per data released by the National Statistical Office (NSO).

In April, when the country’s retail inflation surged to an eight-year-high of 7.79%, state-wise data showed that Telangana had one of the highest inflation rate in the country: 9.02%. It was behind two other states—West Bengal which had 9.12% and Madhya Pradesh with 9.10%. The retail inflation rate based on the Consumer Price Index (CPI) was 6.95% in March but steadily climbed on the back of rising fuel and food prices. What do these figures actually mean? 

The Consumer Price Index measures the change in the price of goods usually consumed by households, and looks at a specific basket of goods that is said to be representative of consumption expenditure. This includes prices of a range of items such as cereals and products, meat and fish, milk and milk products, oils and fats, fruits, vegetables, pulses and products, spices, etc. 

In contrast to Telangana, Tamil Nadu (5.37%) and Kerala (5.08%) have recorded inflation rates lower than the national average. While Kerala’s inflation rate has been lower than the national average since the beginning of the pandemic, Tamil Nadu’s has been lower than the national average since January this year.

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TheNewsMinute.com, 31 May, 2022, https://www.thenewsminute.com/article/why-telangana-s-inflation-high-compared-other-states-164552


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