New Delhi. The impact of retail inflation falling to 4.7 per cent in April is also visible at the ground level. There has been a drastic reduction in the prices of essential commodities. Tomato has become 50 percent cheaper in a year, the prices of edible oils have also come down. The prices of wheat, rice, flour and pulses still remained high.
According to the Consumer Affairs Ministry data, the price of potato as on June 2, 2023, was Rs 21.33 per kg, as against Rs 24.12 a year ago. The price of onion has come down from Rs 23.81 to Rs 22.34, tea has come down from Rs 284.21 to Rs 275.61 and tomato has come down from Rs 52 to Rs 25 per kg.
Statistics show that the prices of most of the essential commodities have come down in a year. However, during the same period, the price of rice has increased from Rs 36.16 per kg to Rs 39.49 per kg, wheat from Rs 27.51 to Rs 29.09 and flour from Rs 31.31 to Rs 34.31 per kg.
The price of chana dal has increased from Rs 73.95 to Rs 74.68, while the price of urad dal has increased from Rs 105.09 to Rs 110.58 per kg. Similarly, the price of groundnut has increased from Rs 102.80 to Rs 109.16, sugar from Rs 41.75 to Rs 42.62 and groundnut oil from Rs 186 to Rs 190. However, Masoor Dal has come down from Rs 96.85 to Rs 92.33 per kg during the same period. These prices are on an average basis across the country.
The inflation rate had come down to 5.66 percent in March.
Retail inflation has been on the decline and came down to 5.66 per cent in March, compared to 6.44 per cent in February. RBI has also stopped the process of increasing the repo rate due to the decrease in inflation. Experts believe that there may be further reduction in retail inflation, due to which the increase in rates will also stop.
To prevent inflation, the central government has fixed the limit of storage of pulses.
The central government has fixed the stock limit for wholesalers, retailers, importers and millers for Arhar and Urad dal till October. This step has been taken to prevent hoarding and to control the prices of these products, which are an important part of the Indian diet. The Union Ministry of Food and Consumer Affairs has issued an order in this regard, which has also come into force with immediate effect.
As per the order, a stock holding limit of 200 tonnes each of Arhar and Urad has been fixed for wholesalers and 5 tonnes for retailers and retail outlets. Large chain retailers may store up to 200 tonnes each in their depots. Mills have been prescribed a storage limit of 25 per cent of their last three months’ production or annual installed capacity, whichever is higher.
Similarly, importers will not be allowed to keep stock for more than 30 days after customs clearance. Consumer Secretary Rohit Kumar Singh said that this order of storage limit is for all states and union territories till 31 October. Explain that the all-India average price of arhar dal stood at Rs 122.68 per kg on 2 June, which is 19 percent higher than Rs 103.25 per kg a year ago. Similarly, urad dal was priced at Rs 110.58 per kg during the said period, which is 5.26 per cent higher than Rs 105.05 per kg a year ago.
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