New Delhi: Congress leader Rahul Gandhi has cautioned inflation will rise further and urged the BJP government to act now to protect the people of the country.
‘It (inflation) will increase further as: – Crude > $100/barrel – Food prices expected to rise 22% – Covid disrupts Global Supply Chain,’ he tweeted. ‘GOI must act NOW. Protect people,’ he added.
Retail inflation hit an eight-month high of 6.07 per cent in February and wholesale price-based inflation soared to 13.11 per cent on account of hardening of crude oil and non-food item prices, according to government data released last week.
The rise in crude oil and natural gas prices after the Russian invasion of Ukraine, which began on 24 February, has put pressure on the wholesale price index.