Delhi Dy CM Releases Price Index Report, Praises Kejriwal For Keeping Inflation At Just 3%
Delhi’s Deputy Chief Minister Manish Sisodia said on Friday that the increase in the inflation rate in Delhi was 2% lower than the national rate in fiscal year 2020-21. Sisodia, who is also the Minister of Finance of Delhi, released the annual Delhi Price Index report prepared by the Directorate of Economy and Statistics for the said year.
“In fiscal year 2020-2021, the average annual inflation growth rate based on the Consumer Price Index (CPI) was 5% nationally while in Delhi, this rate n ‘was only 3.0%, “said Sisodia.
Commenting on the report, Sisodia said Arvind Kejriwal’s government is committed to the common man and always stands by his side.
He said the Kejriwal government controlled the rise in inflation during the COVID pandemic when the rate of inflation rose rapidly across the country.
Delhi’s inflation rate far lower than the nation as a whole: Sisodia
“The inflation rate rose sharply during COVID in the country and commodity prices rose. In Delhi, however, the rate of inflation increase is much lower than that of the country as a whole, even during this period, ”said Delhi’s finance minister. .
Sisodia added that a comparison between the country’s five metropolitan cities – Delhi, Mumbai, Kolkata, Chennai and Bangalore, showed the increase in inflation to be the smallest in the nation’s capital.
“In fiscal year 2020-21, the inflation rate increased by 3% in Delhi, while in Mumbai, Kolkata, Chennai, Bangalore, the inflation rate increased by 4.1%, 4 , 6%, 4.4% and 4% respectively, ”said Sisodia mentioned.
The minister also said that the national food price inflation rate was 5.7% in 2020-2021. However, in Delhi, this rate was only recorded at 4.1%, which is the lowest in the country.
“The housing index of the consumer price index saw an increase of 5.2% in India as a whole in fiscal year 2020-21, but in Delhi this rate did not was only 3.9%, ”he said.
The minister also said that the Delhi government is making regular efforts to control and stabilize the prices of commodities through market interventions.
Image: PTI / UNSPLASH