New Delhi. During Diwali shopping, people have paid more due to shortage of common things. Now experts say that the effect of supply shortfall in the global economy will continue to affect the domestic market. According to experts, the chances of inflation to continue remain strong.
On Diwali, the people of the country have spent about 1.25 lakh crores on consumer goods. Confederation of All India Traders has given this information. But the prices of items related to home appliances and electronics remained expensive by about 12 percent compared to last year. That is, due to supply shortfall, this inflation remained. People had to pay a higher price for this.
The lack of semiconductors or ubiquitous chips affected the production of products such as cars, mobile phones and TVs. Nilesh Gupta, associated with Vijay Sales, says that there is still a shortage of stock after Diwali, even at the time of Diwali the stock was not enough. He says that the supply of expensive mobile phones like iPhone was less.
Due to crop failure, the production of onion and tomato in the country has also decreased. However, the central government has created some relief for the customers by interfering in the prices of onions. About 15 per cent of the onion crop across the country has been ruined due to rains in various parts of the country in recent months. After this, the Union Food Ministry asked the states to remove onions from the stock. Initially, when the prices started increasing, then this move of the Center brought relief to the people.
On the other hand, the price of edible oils remains high even as the government has cut import tariffs. Two-thirds of the total demand for edible oils in the country is imported. The price of mustard oil is about 42 percent higher at this time than last year.
According to expert Ashok Aggarwal, the real reason behind inflation is the disruption in the global supply chain. When the vaccination increased during the epidemic, countries also opened their economy but the supply could not increase accordingly.