Congress Targets Modi Over 10% Wholesale Inflation as Real Wages Fall 5.7%
Updated
Updated · The Tribune India · Sep 14
Congress Targets Modi Over 10% Wholesale Inflation as Real Wages Fall 5.7%
2 articles · Updated · The Tribune India · Sep 14
Summary
Four straight months of roughly 10% wholesale inflation prompted Congress to accuse Narendra Modi's government of masking a deepening cost-of-living squeeze.
Jairam Ramesh said CMIE data show inflation-adjusted wages have fallen 5.7% since April, eroding purchasing power as essential commodity prices keep rising.
Rural India was hit harder, he said, with wages down 9% and even nominal rural pay declining, worsening pressure outside cities.
Congress is turning inflation, wages and household purchasing power into a central economic line of attack against the Modi government.