Lok Sabha Question No. 1661 (UNSTARRED), answered on 2017-03-10
Subject: Price Rise
Ministry: FINANCE
Asked by: SADASHIV KISAN LOKHANDE

- (a) whether there has been price rise as well as inflation during the last few months;
- (b) if so, the details thereof during the last one year, month-wise; and
- (c) the action taken or proposed to be taken to check the said hike?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)

- (a)  &  (b)  Consumer  Price  Index  (combined)  based  inflation  reflects  the  changes  in  average retail  price  prevailing  in  the  country.  Inflation  based  on  CPI  (combined)  has  been  declining continuously for the last six months. The month-wise inflation based on CPI (combined) during the last one year is given in Table 1 below:
- (c) The Government has taken a number of measures to control inflation. The steps taken, inter alia, include, (i) increased budgetary allocation  for Price Stabilization Fund in the budget 201718 to check volatility of prices of essential commodities, in particular, of pulses; (ii) created buffer stock  of  pulses  through  domestic  procurement  and  imports;  (iii)  announced  higher  Minimum Support Prices so as to incentivize production; (iv) issued advisory to States/UTs to take strict action against hoarding and black marketing under the Essential Commodities Act 1955 and the Prevention  of  Black-marketing  and  Maintenance  of  Supplies  of  Essential  Commodities  Act, 1980; (v) imposed 20 per cent duty on export of sugar; and (vi) reduced import duty on potatoes, wheat and palm oil.

| Table 1: Month-wise inflation based on CPI (combined) (in per cent)   | Table 1: Month-wise inflation based on CPI (combined) (in per cent)   | Table 1: Month-wise inflation based on CPI (combined) (in per cent)   | Table 1: Month-wise inflation based on CPI (combined) (in per cent)   | Table 1: Month-wise inflation based on CPI (combined) (in per cent)   | Table 1: Month-wise inflation based on CPI (combined) (in per cent)   | Table 1: Month-wise inflation based on CPI (combined) (in per cent)   | Table 1: Month-wise inflation based on CPI (combined) (in per cent)   | Table 1: Month-wise inflation based on CPI (combined) (in per cent)   | Table 1: Month-wise inflation based on CPI (combined) (in per cent)   | Table 1: Month-wise inflation based on CPI (combined) (in per cent)   | Table 1: Month-wise inflation based on CPI (combined) (in per cent)   | Table 1: Month-wise inflation based on CPI (combined) (in per cent)   |
|-----------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|
| Jan -16                                                               | Feb -16                                                               | Mar -16                                                               | Apr -16                                                               | May -16                                                               | Jun -16                                                               | Jul -16                                                               | Aug -16                                                               | Sep -16                                                               | Oct -16                                                               | Nov -16                                                               | Dec -16                                                               | Jan-17 (P)                                                            |
| 5.7                                                                   | 5.3                                                                   | 4.8                                                                   | 5.5                                                                   | 5.8                                                                   | 5.8                                                                   | 6.1                                                                   | 5.0                                                                   | 4.4                                                                   | 4.2                                                                   | 3.6                                                                   | 3.4                                                                   | 3.2                                                                   |
| Source: Central Statistics Office. P: Provisional                     | Source: Central Statistics Office. P: Provisional                     | Source: Central Statistics Office. P: Provisional                     | Source: Central Statistics Office. P: Provisional                     | Source: Central Statistics Office. P: Provisional                     | Source: Central Statistics Office. P: Provisional                     | Source: Central Statistics Office. P: Provisional                     | Source: Central Statistics Office. P: Provisional                     | Source: Central Statistics Office. P: Provisional                     | Source: Central Statistics Office. P: Provisional                     | Source: Central Statistics Office. P: Provisional                     | Source: Central Statistics Office. P: Provisional                     | Source: Central Statistics Office. P: Provisional                     |

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