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Odisha has become the number one state in the country in terms of rising prices of various commodities. The State has consistently recorded retail inflation rate of over seven per cent for the last six months. As per reports, it is the highest rate of inflation in the country for six successive months.
As per the recently published Retail Inflation Report by the Union government, the retail inflation rate has logged 7.1 per cent in Odisha in April, which is the highest in the country.
While the average inflation rate in the country for the month of April has receded to 4.8 per cent which is the lowest in the last 11 months, the graph is continuously showing an upward curve in Odisha. Delhi recorded the lowest rate of 2.2 per cent inflation in April.
While the retail inflation rate was 7.7 per cent in Odisha in November 2023, it was at its peak at 8.7 per cent in December.
Meanwhile, the experts have attributed the reason behind the high inflation rate to many factors.
“Variation in prices of some specific commodities and supply bottlenecks are the main reasons behind the high rate of inflation in the market. Besides, prices of vegetables and other essential commodities have skyrocketed in market as Odisha is no more a producing State and it is dependent on other states,” said a market expert.
“The tight demand and supply situation in certain categories of essential commodities and the production outcomes of key vegetables have pushed the retail inflation to a higher rate. Above normal temperatures and the prevailing heat wave conditions have also pushed up the overall inflation,” he added.
