In April this year, consumer price growth equalled 3.1% y-o-y, with more than half of the increase attributable to the rise in the prices of vegetables on account of the low base and last year’s dampened yield in other parts of Europe as well.
I thank the Motilal Nehru National Institute of Technology (MNNIT) for giving me this opportunity to address this distinguished gathering. I propose to speak on inflation which is a matter of concern to all of us. What is inflation? Simply put, inflation is the sustained increase in the overall price level.