Normally this kind of headline should be a cause for celebration. But 16.61% to 13.93% is a Pyrrhic victory at best especially when the daal part of the "daal-roti" grew by over 30%. Nothing that Manmohan Singh can hang his hat on.
India's food inflation dips to 13.93 percent
New Delhi, May 6
"India's annual food inflation declined to 13.93 percent for the week ended April 24 from 16.61 percent a week ago due to a fall in prices of wheat and vegetables, official data showed Thursday."
The prices of the following grew:
- Pulses: 30.58 percent
- Milk: 21.12 percent
- Fruits: 14.49 percent
- Rice: 8.28 percent
- Cereals: 7.67 percent
The prices of the following fell:
- Potato: (-)32.14 percent
- Onions : (-) 25.8 percent
- Vegetables: (-) 5.69 percent
The article can be read at the following:
http://surl.name/27du
It is a shameful headline and a shameful failure by the government.
ReplyDeleteBeing an optimist, there are positive signs - straws in the wind ! Read this piece by Swapan Dasgupta where he says that the Indian aam aadmi (apart from you, that is) is seething. I am seething no doubt. And if Swapan is correct, we are not far away from the backlash.
http://www.dailypioneer.com/257689/Complacent-UPA-ignores-voter-rage.html