Inflation on decline in Telangana, can be eased further: Experts

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‘s Inflation, both overall and rural, is on the decline since May 2022 when it stood at 9.4%. The state recorded inflation of 8.5% in February this year, but the figure is still high when compared to the same period last year (8%).

Interestingly, the inflation rate had shot up quickly in the following months of in February 2022, reaching its highest level in eight years in May that year.

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February this year, Telangana is followed byAndhra Pradesh, Punjab, and Uttarakhand, all within 7-8% bracket, andMadhya Pradeshat 6.9%. Experts say the current decline is a good sign but there is need to bring down the rates close to 6 %.

However, Telangana’s rural inflation in February 2023 (8.5%) is still considered on the higher side.

According to data from theUnion ministry of statisticsand programme implementation, the national inflation rate fell to 6.4% in February from 7.4% in May 2022, when it was also at its highest.