FM Nirmala Sitharaman buys vegetables in Chennai amid inflation

New Delhi: Nirmala Sitharaman, a senior BJP leader and Union finance minister, spent a busy day in Chennai, the capital of Tamil Nadu, from dawn to dusk on Saturday. Nirmala, having completed all her programs on time, stopped at the Mylapore market in the night city. She spoke to the greengrocers in the market on this occasion. They asked about the difficulties they encountered.

She later stopped by a store and bought vegetables. Nirmala grabbed a basket and went to buy vegetables. On social media, people are reacting to the video of the Union minister stopping at the vegetable market and buying vegetables.

Inflation in India has been steadily rising in recent months and several reasons can be attributed to this such as rising food and oil prices.

Most importantly, however, the sharply depreciating rupee against the dollar is one of the main reasons.

Indian retail inflation rose from 6.71 percent in July to 7 percent in August in August, driven by higher food prices. Retail inflation has been above the Reserve Bank of India (RBI) tolerance limit of 6 percent for eight months in a row.

A rise in food prices has led to a spike in retail inflation, evidenced by the fact that food basket inflation stood at 7.62 percent in August, up from 6.69 percent in July and more than doubled. from 3.11 percent in August 2021 .

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