Finance Minister Nirmala Sitharaman on Thursday said lowering inflation cannot be the sole responsibility of the Centre and that states also play a vital role in it, The Indian Express reported.
“It cannot be that inflation is handled only by the Centre,” Sitharaman said. “And when states don’t take enough steps, that part of India suffers from wanting a relief from the stress of inflation.”
Sitharaman made the remarks while addressing an event organised by the Indian Council for Research on International Economic Relations in New Delhi.
In July, India’s retail inflation eased to 6.71% from 7.01% in June. However, despite the decline, the price rise indicator remained above the upper limit of the Reserve Bank of India’s prescribed range for the seventh straight month. The central bank aims to keep retail inflation in the range of 2% to 6%.
On Thursday, Sitharaman said that inflation was higher than the national level in states that have not reduced fuel prices, according to The Indian Express.
“Very recently, widely-available information in the public domain shows how inflation has varied from state to state,” the finance minister said. “There could be several reasons for it. But the fact remains, and I find, coincidentally, and I am being careful here…Coincidentally, inflation being higher than the national level inflation in states which have not…