Inflation Bomb : Gold… milk, and now petrol – diesel, CNG inflation attack in just 48 hours, what should common people do?

• Commodity prices are rising one after the other
• Govt hiked import duty on gold and silver
• Petrol-Diesel prices hiked

Inflation Bomb: In the last 48 hours, there is a shock of inflation. The prices of various commodities in the country are increasing one after the other. Due to which the Indian people are facing an all-out attack of inflation. Following an appeal by Prime Minister Narendra Modi, the government hiked import duty on gold and silver; Due to this decision, their prices suddenly saw a huge jump. This growth was not limited to gold alone; After that, milk prices went up across the country, CNG prices went up and now, another ‘bomb’ of inflation has exploded on petrol and diesel prices. From Friday, May 15, petrol and diesel prices have increased across the country, increasing their rates by Rs 3 per litre.

Today’s Gold-Silver Price: Rejoice! In the last 24 hours, the price of gold and silver has fallen sharply, customers are happy to see the new price of 22 carats

First attack of inflation

Last Sunday, in a bid to save foreign exchange, it was the first time Prime Minister Modi had appealed to the public to refrain from buying gold for a year. Interestingly, he repeated the same appeal twice in a span of just 24 hours. Subsequently, the government suddenly increased the import duty on gold; The move sent gold and silver prices skyrocketing across the board from the MCX to the local markets. As news of the import duty hike came out, gold prices rose by Rs 11,000, while silver rose to Rs 22,000.

Another attack of inflation

After gold and silver, the second inflationary bomb exploded on milk prices; Major brands from Amul to Mother Dairy have shocked the country by increasing the prices of their packaged milk products. Amul hikes its milk price by Rs 2 per litre; Soon after, Mother Dairy also hiked its milk prices by Rs. These new rates have been implemented across the country from May 14.

Third hit of inflation:

After the milk price hike, petrol and diesel have also been hit by inflation. On Friday, oil companies increased the prices of petrol and diesel by Rs 3 per litre, with the new rates effective across the country from Friday, May 15. After this latest hike, petrol in Delhi has gone up by Rs 3 to Rs 97.77 per litre. It is selling at Rs 108.74 (an increase of Rs 3.29) in Kolkata, Rs 106.68 (an increase of Rs 3.14) in Mumbai and Rs 103.67 (an increase of Rs 2.83) in Chennai. Diesel price is now Rs 90.67 per liter in Delhi, Rs 95.13 in Kolkata, Rs 93.14 in Mumbai and Rs 95.25 in Chennai.

The fourth attack of inflation

Not only has the price of petrol and diesel increased across the country, but CNG consumers have also been hit hard. After Mumbai, CNG prices have become expensive in Delhi as well, with an increase of Rs 2 per kg from May 15. Due to this hike, CNG price in Delhi has reached Rs 79.09 per kg. In Mumbai too, CNG price has increased by Rs 2 a day earlier, from Rs 82 to Rs 84.

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