TIL Desk/Business/New Delhi/ Rejecting the claims that the inflation has risen in the last four years, the government on Tuesday said instead, it has gone down continuously. “There is no rise in prices of essential food items. In fact it has gone down continuously,” Finance Minister Piyush Goyal said in Rajya Sabha during Question Hour.
Ridiculing the Samajwadi Party’s Sukhram Singh Yadav’s claim that the government has failed on this front, Goyal said the NDA government successfully brought down the inflation rate to 2 per cent which used to be at 9 per cent and 12 per cent during the UPA.
“In recent months there has been a rise but next month it will again go down,” he said. Goyal also said the rise in prices of petrol and diesel are not due to GST but due to international reasons. There is no GST on oil rates, he added. The Minister said the food inflation based on consumer food price index has reduced from 4.9 per cent in 2015-16 to 4.2 per cent in 2016-17 and further 1.8 per cent in 2017-18.
