Thiruvananthapuram: The public distribution system and proactive interventions of the state government turned crucial in curbing inflation in Kerala, claimed Finance minister KN Balagopal on Friday.
He pointed out that India’s retail inflation as per union government’s August data is 7 per cent while that of Kerala is 5.73 per cent, the lowest in the country. Also, retail inflation of 11 states are higher than that of national average.
“For more than one and a half years, Kerala has the lowest inflation in the country,” he added.
Balagopal listed some interventions that apparently arrested inflation. The state in the last six years has not increased the price of 13 necessary commodities that have been distributed at subsidised rate though Supplyco. During Onam, the state government made market interventions and controlled inflation.