The Reserve Bank of India has been given the responsibility of keeping inflation at the level of 4 per cent with a two per cent fluctuation.
Rating agency CRISIL (CRISIL) said that manufacturing costs are rising, due to which domestic inflation is rising.
According to this, the price of crude oil has increased to $ 65 per barrel, which is double than last year and is equal to the level of 2019. Edible oil prices are up 57 per cent on an annual basis, while the metal index is up 76 per cent. Transportation costs are also high. Producers are currently bearing the burden of higher raw material costs than consumers. However, as demand increases, the burden of these costs will be passed on to the customers. With the rise in commodity prices, the second wave of Kovid-19 epidemic in the villages has also created a supply bottleneck. This has increased inflationary pressure.