Express News Service
Hyderabad, February 5
THE issue of spiralling prices of essential commodities is the main concern before the State Government, with elections due in a couple of months. When the State Cabinet met here today to formally approve the Vote-on-Account budget estimates, senior officials of the Finance Department alerted the Council of Ministers about the adverse impact of the spiralling prices of essential commodities.
The worrying factor is that though inflation is more or less under control, the prices of commodities like rice, oil and vegetables have been increasing steadily.
As per the survey of socio-economic trends in the State, which was presented to the Assembly today, the average daily retail prices of rice, redgram, groundnut oil, tamarind and red chillies have shown an increasing trend whereas the prices of onions have shown a decreasing trend from April to November 2008 when compared to the corresponding period in the previous year.
The consumer price indices for different groups like industrial workers, urban non-manual employees and agriculture labour indicate that the prices of essential commodities have shown increase in the State.
However, as per quick estimates of 2007-08, the per capita income of the State at current prices is Rs 35,864 as against the all-India per capita income which is Rs 33,282. During a span of eight years beginning from 2000-01 to 2007-08, the per capita income had more than doubled in the State, the report stated.
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