‘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.
In 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.