Finance Minister Nirmala Sitharaman today shared a video of her buying vegetables from street vendors in the Mylapore district of Chennai, Tamil Nadu. A tweet from her office said she also interacted with some vendors.
The video shows her picking out some sweet potatoes, while she also shares a photo of her interest in some bitter melons. Earlier in the day, she opened a center for children with special needs in the city.
— NSitharamanOffice (@nsitharamanoffc) October 8, 2022
Vegetables are one of the core commodities at the heart of rising inflation in the country – and Ms Sitharaman’s favourite Clear focus areas.
One Twitter user commented under the video: “Hopefully suppliers and consumers also understand how rising inflation may eat into their savings and the government taking steps to control it.”
Retail inflation has been above the RBI’s 6% ceiling for nearly a year.
Consumer price inflation “is tracking around 7.4 percent” in September compared with a year earlier, India’s chief economist Kaushik Das said in a Sept. 20 report. This is up from 7% in August.
Food and vegetable prices are likely to move higher if momentum picks up further, according to a report by multinational financial institution Deutsche Bank.