New Delhi, June 29: Fuel price hike will further stoke inflation and prompt the government and the Reserve Bank to take strong measures to ease pressure on prices soon, said country’s Chief Statistician Pronab Sen.
“You (are) already in inflationary process. The non-food inflation is accelerating. In that situation, this (fuel price hike) can actually trigger off stronger inflation process,” he told reporters on the sidelines of a function to mark the Statistics Day.
The government, on Friday last, increased the prices of petrol by Rs 3.73, diesel by Rs 2 a litre and cooking gas by Rs 35 a cylinder.
While, overall inflation is hovering over 10 per cent, food inflation was 16.9 per cent for the week ended June 12.
Noting that neither the Finance Ministry nor the RBI has taken any strong anti-inflationary measure, Sen said, “sooner or later they are going to come.
–Agencies