Inflation, especially double digit inflation is being attributed to demand-supply mismatch in the current season, however double digit inflation was evident last year too when there was no commodity shortages. That means there is something else that that is having an effect on commodity prices and policy response to these challenges has been poor
essential commodities
Figure this, if one had purchased pulses worth Rs 100 on February 06, 2008, it would cost about Rs 161 to purchase the same quantity today. Likewise, one would be shelling Rs 137 for vegetables and Rs 233 for onions. During this intervening period since 2008, while the economy has reeled under low growth conditions, [...]
