Pulses costlier by up to 64% in one year

May 24, 2015 14:41

Bucking the overall trend of easing inflation, pulses got costlier by up to 64 per cent in the first year of the Modi government across major metro cities, primarily due to fall in domestic production.

Amid forecast of a poor monsoon for the second consecutive year, the government is considering importing pulses through state-owned trading firms such as MMTC to boost domestic supply and check the rise in retail prices.

According to the data maintained by the Consumer Affairs Ministry, the maximum increase in retail prices was witnessed in urad in the past one year, while tur, masoor, gram and moong dal prices have also shot up.

One of the major achievements of the Narendra Modi-led NDA government -- which is completing its one year in office -- has been the inflation control during the period.

As per the latest government data, the overall consumer price inflation dropped to its four-month low of 4.87 per cent in April, while wholesale price based inflation has been in the negative territory for six straight months.

While inflation has eased in a number of food articles, the Consumer Affairs Ministry data showed that pulses have been getting costlier considerably, at least in the metro cities.

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