Flour and Pulses Costlier by 25%: Common Man have to Wait till August for Relief from Inflation

With the corona epidemic, another disease came among us – inflation. It robbed your pocket and raised the price of everyday items including salt, tea, oil, milk by up to 25%. Wholesale inflation is at an all-time high and retail inflation is at the high of 2021.

According to government data, a liter of mustard oil was sold at Rs 212 on June 23 from Rs 170 on the same date last year. If we look at everyday items, mustard oil has become the most expensive in this. After this comes the number of tur dal, tea, flour and salt. According to experts, we will be able to get rid of inflation only by August.

Let us know how much inflation has spoiled the taste of food

• Mustard oil was being sold at Rs 90-170 per liter a year ago, which is now becoming expensive at Rs 117-212 per liter, as oil mills remained closed due to lockdown and import of edible oil from abroad has also decreased.
• Arhar dal was sold at Rs 65-125 per kg on June 23 last year, but now a kg of Arhar is being sold at Rs 75-130 due to fuel oil prices reaching a record level.
• Salt is used in almost all Indian dishes, but due to Corona, the supply has been badly affected. As a result, the price of one kg of salt has gone up to Rs 28, which was sold a year ago at Rs 25 per kg.

• According to government data, one kg of wheat flour was sold on June 23 at a price of Rs 20 to 57, which was being sold at Rs 17 to 45 a year ago. Due to the epidemic, the labourers working in the mills were less and the arrival of wheat in the mills decreased, due to which the supply could not be made according to the demand. As a result, its prices also increased.
• The production of tea in Assam has been affected due to the Corona epidemic and not favourable weather. Due to this, there has been a 25% increase in the price on a yearly basis. Due to this, the price of one kg of tea increased from Rs 128 to Rs 530, which was being sold on June 23 last year at Rs 120-450 per kg.

Expensive fuel prices spoilt Everything

The fire of inflation has been ignited by expensive petrol-diesel and the high cost of manufacturing. Due to this on one hand the transportation cost has increased, on the other hand, the companies are passing the burden of increasing cost on the customers. As a result, retail inflation stood at 6.30% in May, which was 4.23% in April. At the same time, wholesale inflation remained in double digits for the second consecutive time in May and reached 12.94%.

Expected relief from inflation by the end of the second quarter

Anuj Gupta, Vice President, IIFL Securities, points out that the two main reasons for the increase in prices of everyday items, freight has become expensive and the supply has been badly affected by the pandemic. This also reduced the arrivals in the mandis.

He told that the common people are expected to get relief by the second quarter because this time the monsoon is going to be good. Due to this, sowing will be done on time and the area is also likely to increase.

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