Economic Survey-2024 has come out in the country. In which concern has been expressed about the price of dal and tomato. The government has projected a growth rate of between 6.5 percent and seven percent in the current financial year-2024. On the other hand, food inflation has been consistently high in the survey. Tomato, onion prices have skyrocketed. On the other hand, the price of dal has also increased.

According to the Economic Survey, the main reason for the continuous rise in inflation is the rise in food prices. According to the survey, the best food inflation on the Consumer Inflation Index CFPI was seen at 3.8 percent in FY-2022. Which had come down to 6.6 percent in FY-2023. In the year-2024, food inflation was 7.5 percent. This means that food inflation has seen a 97 percent increase in the last two fiscal years. If we talk about the month of June, according to government figures, food inflation was 9.55 percent. In May-2024, this figure was found to be 8.69 percent.

The Economic Survey has shown climate change as the main cause of rising inflation. According to the Economic Survey, rising prices of food items have been fueled by scorching heat, uneven monsoon across the country, hailstorms, unseasonal rains and drought in different parts of the country. The survey said that the crop has been destroyed due to rising heat and heavy rains. Meanwhile, the prices of tomato and onion have increased. If we talk about pulses, the production of pulses has decreased in the last two years. And the price hike has taken off.

Inflation data for the month of June has come out in July. The figures showed that retail inflation rose to a five-month high in June. According to the data, retail inflation in India was 5.08 percent, while retail inflation was 4.75 percent in May. Which was at a lower level of about one year. The inflation rate figure was at 4.83 percent in May.