Expensive vegetables including tomatoes increase RBI's concern! How will inflation be reduced?

RBI on Price Hike: Inflation is continuously increasing due to tomato and other vegetables. Now this rising inflation has also put RBI in worry.

For the last few months, tomatoes have become so 'red' that now even RBI has to accept that inflation has increased due to expensive vegetables including tomatoes. In fact, for the last few months, there has been a huge increase in the prices of tomatoes. The situation is that tomatoes have disappeared from people's kitchens. In fact, for the last few months, a continuous increase in the prices of vegetables is being seen. After tomato, other vegetables have also become expensive. Now the Reserve Bank of India is also worried about the inflation of vegetables.

RBI Governor Shaktikanta Das also talked about inflation in the press conference of monetary policy. Shaktikanta Das said that due to costlier vegetables, inflation is expected to increase in July and August as well. Das says that in the coming days, due to the prices of vegetables and rice, the overall inflation will increase, but it is expected that after this there will be a decrease in inflation.

RBI's villain inflation

1. Due to expensive tomatoes and expensive vegetables, inflation will increase in July-August as well.

2. Gross inflation will increase due to prices of vegetables and rice, the effect of which can be seen

3. Inflation estimates for the second and third quarters have been increased.

4. Inflation forecast for the second quarter increased from 5.2 percent to 6.2 percent

5. The estimate of retail inflation for the financial year 2024 has been increased to 5.4 percent.

6. Due to bad weather and supply chain problems, inflation may continue in the coming days as well.

Tomatoes and vegetables spoil the game

The Governor of Reserve Bank of India has given a clear indication from one side that inflation is not going to reduce in the coming days. Especially vegetables. The Governor attributed the rise in inflation to supply-chain disruptions due to inclement weather, unseasonal rains and monsoon. However, it is hoped that now with the increase in fresh supply in the market, it will be able to control it. In fact, due to rising prices of vegetables, eggs, pulses and spices, June inflation had reached 4.8 per cent, which was 4.3 per cent in May.