Congress Criticizes Government Over Rising Inflation Rates

Congress General Secretary Critiques Inflation Surge

Jairam Ramesh, the General Secretary of Congress, has expressed strong criticism towards the central government, highlighting that the retail inflation rate rose from 3.93% in May to 4.38% in June, surpassing the Reserve Bank of India's target of 4%. He accused Prime Minister Narendra Modi of being a protector of capitalists, alleging that the government ensures profits for the wealthy while ordinary citizens suffer from inflation.

In a post on X, Ramesh stated that the essence of Modi's 12 years in power is characterized by false promises and the harsh impact of inflation and unemployment on the public. He pointed out that inflation has disrupted the budgets of average families during this period. Citing a media report, he expressed concern over a potential increase in bank interest rates, which could lead to higher EMIs for homes and cars, placing additional burdens on the middle class. He questioned why profits go into the pockets of capitalists while the burden falls on the common people, asking when Prime Minister Modi would address the struggles faced by the public.

The Ministry of Statistics and Programme Implementation released data on Monday indicating a rise in retail inflation for June. The primary contributors to this increase were the rising prices of food items and significant hikes in the costs of personal care products and jewelry. The inflation rate for food items in June was recorded at 5.32% year-on-year, with rural areas experiencing a rate of 5.45% and urban areas at 5.09%.