Onion Prices - Inflation

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6 funny reactions to rising onion pricesInflation is considered to be at the high at 6.1% in August. But Food Inflation is stagnant at 18.2% and this was done by the price of Onion at 245%. Whereas Onion is considered to be main staple food of Indian Continent. The price was Rs. 70/kg and it has increased to Rs. 100/kg in the month of July.

Stupid things happened ie., Onion Groupon Deal, Onion Bank Deposits, Onion Sniper to protect the importing Onion, put heists for smuggling Onion, Onion protected by the Central Government, and Onion Weaponization.

The RBI Governor is considering to take the situation with monetary policy and Government must come with Fiscal Policies, which is still due.

CAT 2013; Yahoo News

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