The NDA government has succeeded in containing inflation and if the current trend continues, the prices would be much lower than what they were during the UPA regime, Minister of State for Finance Jayant Sinha said.
“NDA government has markedly reduced inflation. At this rate, price levels in 10 years would be much lower than UPA tenure,” Sinha tweeted.
While the WPI inflation has been in the negative for 15 months, the retail inflation has remained within RBI’s comfort zone at 5.69 per cent at the end of January.
The fall in crude and commodity prices has helped the government in keeping a check on overall price level.
Although the inflationary trend is benign, prices of certain food items like vegetables and pulses have remained an area of concern.
The tweet graphically suggests that while the CPI inflation level between 2014-2024 was estimated to be lower than what was recorded between 2004-2014 under the UPA regime.