"In the last two and a half years, the world has witnessed two major shocks-- the Covid-19 pandemic and the conflict in Ukraine. These shocks have produced profound impact on the global economy."
They added that the price of raw materials has increased owing to factors including hike in electricity tariff and imposition of 5% GST on food items.
The Karnataka Electricity Regulatory Commission in an order dated September 19, 2022 has ordered to allow all electricity supply companies (Escoms) to make adjustments in the power tariff.
Congress spokesperson Gourav Vallabh asked why the consumers had to bear the brunt of high fuel prices when crude oil prices were at a seven-month low.
International benchmark Brent crude fell below USD 90 per barrel last week for the first time since early February as recession fears weigh on demand.
Inflation is at its highest level since 1982, with industrial action over pay growing, and the country is predicted to enter recession later this year.
The report further revealed that disruptions in artificial insemination, cattle breeding and vaccination schedules had affected supply last year.
While it is true that milk producing farmers need a better deal, milk prices have so many ramifications.
Mother Dairy is one of the leading milk suppliers in the Delhi-NCR market and sells more than 30 lakh litres per day in poly packs and through vending machines.
According to the data, food inflation in July 2022 moderated to 6.75 per cent as against 7.75 per cent in June.
On Friday, the Congress took to the streets draped in black to showcase their disaffection with the government and its policies as the phantom of inflation has come home to haunt Indians.
Protesting the hike in prices for essential commodities, fuel and implementation of GST on common food items, hundreds of Congress activists staged dharna across the State on Friday.
Sources said that the price of ghee, which has been under GST since 2020, was also hiked due to rise in production cost and higher butter prices.
Disapproving of the arrest, Assam Chief Minister Himanta Biswa Sarma said - on the social media platform Twitter - that enacting a street play over current issues is not blasphemous.
The Minister says the country has seen a whopping Rs 244 price increase this year alone, it shows inefficiency of the BJP govt
Non-subsidised LPG rates have gone up by Rs 244 or 30 per cent, in a span of one year and it now costs Rs 1,053 per 14.2 kg-cylinder in the national capital.
Following the hike, a 14.2-kg non-subsidised LPG cylinder costs Rs 1,053 in Delhi, Rs 1,052.50 in Mumbai, Rs 1,079 in Kolkata and Rs 1,068.50 in Chennai.
Gandhi's comments came on a day the cooking gas price witnessed a third increase in rates since May on firming international energy prices.
The Centre on Wednesday hiked the rate of domestic liquefied petroleum gas cylinders by Rs 50 per cylinder, the third increase in rates since May.
Domestic liquid petroleum gas cylinder prices were hiked for the third time since the month of May.