Indore: Inflation rises up to 30%, courtesy fuel price hike, readymade garments to cost more from July

Staff ReporterUpdated: Saturday, June 19, 2021, 11:05 PM IST
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BHOPAL: With hike in petrol and diesel prices, inflation increased by 25 to 30 per cent. After unlock, new consignment of various sectors like textile have started coming from July. The rate of textile items will further increase by 10 to 15 per cent.

From last lockdown to this year's lockdown, diesel price increased by Rs 23 per liter. In June 2020, it was Rs 68 per litre and now it is Rs 91 per litre. Similarly, petrol price increased by Rs 22 per litre. In June 2020, it was Rs 77.57 per litre and now it is Rs 100.15 per litre.

This hike has an adverse impact on all commodities in the market. From vegetables, grocery items, textile, oil, pulses and other items, their prices have increased.

Even in vegetables, onion which was Rs 250 per 40 kg (sac) now cost Rs 800 for the same weight. Generally, the public dumps onion and garlic stock before the rainy season.

Edible oil price increased by almost Rs 90 to 100 per litre as in lockdown 2020, the rate was almost Rs 100 per litre and now it is Rs 190 to Rs 200 per litre.

Ajay Singh, president of petrol pump dealers association, said, "With hike in petrol and diesel prices, rates of commodities definitely increase in market as traders have no option but to increase the price. Rate increase ranges from 25 per cent to 30 per cent."

Ajay Dewnani, general secretary of New Market Traders Association, said, ìWe will increase the rate from July as we are getting items and consignment at an increased rate. Readymade garment rate will be increased by 10-15 per cent. Currently, the rate has not been hiked considerably but from July, it will be a major hike.î

Anupam Agrawal, general secretary Thok Vypar Mandal, said, ìTransportation costs have increased,†so rates of all commodities have also increased. Overall, inflation increased by 25 per cent to 30 cent. If cotton rate has increased, prices of textile items like readymade garments etc will increase.

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