Former finance minister P Chidambaram on Friday rejected Finance Minister Arun Jaitley’s
contention in Lok Sabha that UPA government left behind double digit inflation.
“FM said UPA bequeathed double digit inflation. In June 2014 CPI (Consumer Price Index) was 6.77 and WPI (The Wholesale Price Index) was 5.66. Did FM add the two numbers Voodoo statistics!” Chidambaram tweeted.
FM said UPA bequeathed double digit inflation. In June 2014 CPI was 6.77 and WPI was 5.66. Did FM add the two numbers? Voodoo statistics!
— P. Chidambaram (@PChidambaram_IN) July 29, 2016
Intervening in the price rise discussion in the Lok Sabha, Jaitley on Thursday has said that NDA government had in 2014 inherited from UPA a double-digit inflation which has been
brought substantially down and it will further reduce with good monsoon.
Jailtley’s remarks came after Congress vice president Rahul Gandhi attacked Prime Minister Narendra Modi and alleged that the government had failed to control prices, particularly of the essential commodities.