CPI(M) Central Committee Resolution against steep Price Rise

Price Rise and Callous Government

There has been no let up in the price rise for the common people. The overall retail inflation touched 11.24 per cent in November, the highest in the last nine months. The poorer sections are hit the worst by the unprecedented price rise in food items. Vegetable prices rose by 61.6 per cent in November from a year earlier. The prices of all other food items have also gone up steeply. The Manmohan Singh Government has set a new callous record in refusing to take steps to curb price rise. On the contrary, the government is promoting runaway increase in food prices by allowing speculation in the forward trading of essential commodities. The deregulation of petroleum pricing has also contributed to the inflationary spiral. Thus the UPA government is directly responsible for the price burden and suffering of the people. The Central Committee demanded the reversal of the policies which contribute to inflation and price rise.