Local levies, supply chain distortion trigger widely varying

NEW DELHI, July 24: Even after five years of a common Goods and Services Tax (GST), retail inflation in India varies widely across states as differences in local levies and supply chain efficacy distort consumer prices. The Consumer Price Index (CPI)-based inflation rate for June was as high as 10.5 percent in Telangana and as low as 4.7 percent in Bihar, while the national average stood at 7 percent. The difference in inflation, according to experts, can be attributed to […]

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