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Every house has a motorbike, so where is the inflation: ex-Bihar Dy CM Renu Devi

Every house has a motorbike, so where is the inflation: ex-Bihar Dy CM Renu Devi

Patna: With opposition parties raising the issue of inflation and price rise in the country, Bihar's former Deputy CM Renu Devi on Friday said that every house has motor bikes, so where is the inflation?

Interacting with media persons in Bagaha to share the achievements of nine years of the Narendra Modi government she said: "Every house has one motorbike. Cars are also in most of houses. So where is the inflation and price rise? The issues raised by the opposition parties that inflation and price rise of commodities are on the peak are absolutely false."

Leader of opposition Vijay Kumar Sinha went one step ahead and alleged that "two thugs" of Bihar are going to cheat the entire nation.

Sinha was in Bhagalpur for the 9 years of the Narendra Modi government program.

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"Nitish Kumar wants to become the Prime Minister of the country while Tejashwi Yadav is dreaming of becoming the Chief Minister of Bihar. These two thugs are trying to cheat the entire country but their dreams would not come true," he claimed.

The Centre is monitoring price pressures and will not let the guard down on inflation, finance minister Nirmala Sitharaman said at an event in Mumbai.

“The government is monitoring inflation. We are monitoring all data on ground level also. Inflation is already moderating,” she told reporters.

India’s consumer price inflation (CPI) eased to an 18-month low of 4.7% in April, from 5.66% in the previous month, largely due to a moderation in food prices, which accounts for nearly half of the overall consumer price basket, reports ThePrint.

Economists expect inflation to fall further towards 4% levels, the medium-term target of the central bank in May.

The central bank is mandated to keep retail inflation between 2%-6% on a regular basis but it stayed above the upper-end of the band through most of 2022.

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