Getty ImagesThe government on Tuesday informed Parliament that inflation has remained low in the last seven years - except for a spike in some items - and the government is taking steps to bring it further down. Minister of State for Finance Anurag Singh Thakur, during Question Hour in the Rajya Sabha, said food items in the consumer price index (CPI) are showing a month-on-month decline. Commodities such as cereals, meat and fish, egg, vegetables and pulses have declined during January-February.
"Overall, inflation has remained low in the last seven years. But in some items, there was a rise in prices due to supply constraints because of COVID-19 and a rise in demand," he said, responding to a supplementary query.
In 2013-14, there was double-digit inflation. In comparison to that, now inflation is less. However, the government is making efforts to bring it further down, he added.
Thakur said the government took measures to reduce the import of oilseeds and pulses by boosting production, giving a higher minimum support price to farmers.
"Overall, inflation has remained low in the last seven years. But in some items, there was a rise in prices due to supply constraints because of COVID-19 and a rise in demand," he said, responding to a supplementary query.
In 2013-14, there was double-digit inflation. In comparison to that, now inflation is less. However, the government is making efforts to bring it further down, he added.
Thakur said the government took measures to reduce the import of oilseeds and pulses by boosting production, giving a higher minimum support price to farmers.
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4 Comments on this Story
 | Vj 20 minutes ago Employment was also low. Salary was also low. |
| Sarath S40 minutes ago Our bureaucrats are the best in the world in cooking up numbers. If the Inflation is not to our liking, we 'll change how it is measured and provide satisfactory numbers to the world. There is nothing wrong in cooking up numbers, if that provides good feeling to people. Jai Hind. |
| VINOD KUMAR46 minutes ago Anuraag should come in the markets only then he will know what is inflation. A simple dal of moong is costing Rs.150/- per kg. cost of Tea, edible oils, many vegetables is head breaking and he is telling imaginary state. |