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Rediff.com  » Business » PM should talk about curbing inflation: BJP

PM should talk about curbing inflation: BJP

Source: PTI
June 14, 2010 19:55 IST
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As inflation surged to double digits, the Bharatiya Janata Party demanded that Prime Minister Manmohan Singh should rein in spiralling prices of essential commodities and talk less of achieving high GDP growth.

"We have heard enough of achieving high levels of GDP growth. The Prime Minister should talk more about controlling inflation," BJP spokesman Rajiv Pratap Rudy said.

He said for a common man, the reference point was not 7-8 per cent GDP growth but rise in prices of essential commodities. Rudy said the government is led by an "economist Prime Minister" and the country expected him to take effective steps to rein in inflation.

Driven by spiralling prices of essential items, inflation surged to double digits at 10.16 per cent in May, the highest in the last 19 months. The essential items which have become expensive include pulses, sugar and vegetables.

The prices of metal, textiles and plywood have also gone up, as inflation has spread to non-food items. As per the provisional data, the previous high of 10.72 per cent was witnessed in the last week of October, 2008. Singh had said last month said that inflation would moderate to 5-6 per cent by December.

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