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Centre ramps up vigilance on essential goods’ prices ahead of festive season, high-level meeting likely next week

Centre ramps up vigilance on essential goods’ prices ahead of festive season, high-level meeting likely next week
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Because the festive season approaches, the central authorities is intensifying efforts to maintain important items inexpensive amid fluctuating inflation tendencies. A surge in costs of meals oil, flour, sugar, and different key merchandise has prompted the federal government to carefully monitor the scenario. A high-level assembly of all associated departments is prone to be held subsequent week, with discussions involving stakeholders anticipated quickly, based on Zee Enterprise analysis.

To guard customers, the federal government can also instruct states to behave in opposition to hoarding and profiteering whereas guaranteeing elevated availability within the wholesale market, Zee Enterprise reported. Monitoring stories from varied departments might be reviewed through the upcoming Inter-Ministerial Committee (IMC) assembly.

The proactive stance follows a notable decline in inflation. In accordance with authorities information launched on February 14, 2025, the year-on-year inflation charge primarily based on the All India Shopper Worth Index (CPI) for January 2025 stood at 4.31 per cent—91 foundation factors decrease than December 2024 and the bottom since August 2024.

Meals inflation eases additional

The All India Shopper Meals Worth Index (CFPI) confirmed a major drop, with year-on-year meals inflation at 6.02 per cent in January 2025. Rural meals inflation stood at 6.31 per cent, whereas city meals inflation was recorded at 5.53 per cent. This represents a pointy 237-basis-point decline in comparison with December 2024.

In rural areas, headline inflation fell from 5.76 per cent in December 2024 to 4.64 per cent in January 2025. Equally, CFPI-based rural meals inflation dropped from 8.65 per cent to six.31 per cent. City headline inflation decreased from 4.58 per cent in December to three.87 per cent in January, with city meals inflation falling from 7.9 per cent to five.53 per cent.

Sector-wise inflation overview

– Housing: Yr-on-year housing inflation stood at 2.76 per cent in January 2025, up from 2.71 per cent in December 2024.- Schooling: Schooling inflation declined to three.83 per cent from 3.95 per cent.- Well being: Well being inflation dropped to three.97 per cent from 4.05 per cent.- Transport & Communication: Inflation rose barely to 2.76 per cent from 2.64 per cent.- Gasoline & Gentle: Inflation remained adverse at -1.38 per cent in comparison with -1.33 per cent the earlier month.

Inflation highs and lows

Amongst objects with the very best year-on-year inflation in January 2025 have been coconut oil (54.20 per cent), potato (49.61 per cent), coconut (38.71 per cent), garlic (30.65 per cent), and peas (30.17 per cent). Conversely, the objects with the bottom inflation included jeera (-32.25 per cent), ginger (-30.92 per cent), dry chilies (-11.27 per cent), brinjal (-9.94 per cent), and LPG (excluding conveyance) (-9.29 per cent).



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Tags: AheadAll India Consumer Price Index CPIbusiness newscentral government festive season measures. central government inflation controlcentral government inflation controlCentrecoconut oil price surgeConsumer Food Price Index CFPIconsumer price index Indiaeducation inflation Indiaessentialessential goods prices Indiafestivefestive season inflationfood inflation January 2025food price index Indiafuel and light inflationginger price declinegoodshealth inflation Indiahighest inflation items January 2025highlevelhousing inflation IndiaIMC meeting on inflationIndia CPI January 2025India inflation report February 2025Newsinflation rates February 2025inflation trendsjeera price droplowest inflation items January 2025meetingpotato price risepricesrampsrural and urban inflation Indiarural and urban inflation trendsseasonsector-wise inflation Indiatransport inflation Indiavigilanceweekwholesale market availabilityZee Business
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