Inflation: Inflation will come down, along with edible oil, gas, food grains will also come down, but we will have to wait a bit..

Inflation: There is good news for the common people. They will get relief on the front of inflation.

Inflation: Inflation will come down, along with edible oil, gas, food grains will also come down, but we will have to wait a bit..

inflation will be less

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New Delhi : Inflation is not only in India but all over the world (inflation) is likely to decrease. There are some reasons behind it. In such a situation, the general public who is suffering from inflation (Common man) There is a possibility of getting great relief. But the question is, when will the inflation come down? There are signs of reduction in inflation in the coming year. But after two years, there can be a big relief on the inflation front.

Crude oil, natural gas, food grains, edible oil, cotton crop and metals are expected to fall by up to 15% in 2023, a month later. After that in 2024 this price is expected to decrease to 12%.

This year, crude oil and natural gas have contributed to the rise in inflation. It is estimated that the prices of all these will come down significantly next year. So common citizens can get relief on the inflation front.

According to Indian commodity experts, the international benchmark Brent crude will fall by around 17 per cent next year. Crude oil prices are likely to rise up to $75 per barrel. Currently this price is around $90.

From this price, till June 2023, we can see a big reduction in the prices of edible oil. During this, there was a fall in the prices of edible oil. It is likely to decrease further next year. Edible oils are expected to come down by 12-15%.

Ukraine has large reserves of sunflower oil. It is the major production of mustard in the country. Sri Lanka, one of the exporters of palm oil, is also going to supply oil soon. This will remove the shortage of oil and edible oil will be cheaper.

There is no shortage of food grains in the country. It is increasing every year. Wheat production can increase by 10-15 per cent in Rabi season. Maize production is likely to increase further. This will bring down food prices.

Cotton production is likely to increase by 8.5%. Production is likely to remain high in the US as well. This can have a big impact on the price of cotton. India’s cotton market is currently competitive.

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