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Centre plans stringent steps to rein in sticky food inflation

Inflation of such magnitude is bad news politically and economically, especially a year before the national election

Updated on: Aug 18, 2023 11:28 AM IST
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The Centre is considering more stringent steps to control soaring food prices, as inflation in July saw a huge spike led by cereals and vegetables, Union food secretary Sanjeev Chopra has said.

Vegetables on sale at Azadpur Mandi, in New Delhi, amid soaring prices. (PTI)
Vegetables on sale at Azadpur Mandi, in New Delhi, amid soaring prices. (PTI)

Battling high prices since April 2022, triggered by Russia’s invasion of Ukraine, the Union government has taken a range of steps to cool food prices, especially cereals, using virtually all measures from its inflation-control playbook, barring some extreme decisions, such as government-to-government cereal import. But with the climate

 
ABOUT THE AUTHOR
Zia Haq

Zia Haq reports on public policy, economy and agriculture. Particularly interested in development economics and growth theories.

Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
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