Bucking the Price rise

ET reports that barring groundnut oil, prices of 13 essential commodities in Delhi, Mumbai, Kolkata and Chennai retail markets remained steady during the week ended May 9, according the government statement.

According to economists, prices of some commodities have calmed down to some extent after the government has taken a slew of measures to ease the inflation which has shot up to 7.61 per cent for the week ended April 26 and has further risen to 7.83 per cent for the week ended May 3. Cost of living in metros is normally high and a steady price movement in food items is a breather to consumers. It also helps to keep inflation under control, experts said.


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