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Business Today has compiled list of commodities, including cereals, pulses, petrol and petroleum products and other precious metals to understand how purchasing power of Indians have reduced with the rise in inflation.
The RBI has been blaming the Russian invasion of Ukraine and the consequent surge in commodity prices for a bulk of the surge in inflation, which has consistently breached the upper end of the tolerance band set for it by the government.
Farmers planted summer-sown crops on 59.2 million hectares, as of July 15, slightly higher than 59.1 million hectares a year ago, according to the Ministry of Agriculture & Farmers' Welfare. Crop sowing was down 9.3% until last week.