In the report of the Central Statistical Organization, Uttarakhand is included in the top-10 list of expensive states
The report of the Central Statistical Organization has revealed that the rate of inflation in Uttarakhand is more than the inflation rate of the country. Inflation is also increasing due to the high flow of money in the state. This report is worrying for the state. According to the report, continuous increase in government expenditure has resulted in more money inflow into the economy. Because of this, the purchasing power of the general public is increased, due to which inflation also increases. During the Kovid epidemic, there were many obstacles in estimating the rate of inflation. The rate of inflation in the country was 5.32 percent in June 2021, which continued to rise till July 2021. In relation to this, the rate of inflation in the state in the year 2021 was 5.57 percent. This month was the highest at 5.83 percent in December 2021.
In June of the year 2021, it was 6.26 percent in the country while it was 5.32 percent in the state. Apart from this, the country’s inflation rate in August stood at 5.30 per cent while that of the state at 5.25 per cent. Apart from these, the rate of inflation of Uttarakhand has not been less than the rate of inflation of the country in any other month. According to the report, there has been a steady increase in the rate of inflation in the state from January 2022 to March 2022.
Inflation Rate in India and Uttarakhand in the year 2021
| Month | India | Uttarakhand |
| January | 4.06 | 5.57 |
| February | 5.03 | 6.14 |
| March | 5.52 | 6.40 |
| April | 4.23 | – |
| May | 6.30 | – |
| June | 6.26 | 5.32 |
| July | 5.59 | 5.80 |
| August | 5.30 | 5.25 |
| September | 4.35 | 4.35 |
| October | 4.48 | 4.61 |
| November | 4.91 | 5.16 |
| December | 5.59 | 5.83 |
Note- Figures according to the report of Central Statistical Organization
Uttarakhand included in the states with the highest inflation
According to the Consumer Price Index data of the Union Ministry of Statistics, Program and Implementation, the average inflation rate in Uttarakhand has been high in the last financial year. Because of this, Uttarakhand is included in the top-10 states of the country in terms of inflation.
| S. No. | State | Inflation Rate |
| 1 | Haryana | 7.23 |
| 2 | West Bengal | 7.11 |
| 3 | Jammu Kashmir | 6.74 |
| 4 | Telangana, Himachal | 6.72 |
| 5 | Uttar Pradesh | 6.71 |
| 6 | Madhya Pradesh | 6.52 |
| 7 | Maharashtra | 6.47 |
| 8 | Uttarakhand | 6.38 |
| 9 | Karnataka | 6.20 |
| 10 | Jharkhand | 6.19 |
Professor of Management and Economist at UOU Prof. RC Mishra says that there can be many reasons for the high inflation rate in a state. A major reason is that if the productive capacity of a state is weak, the rate of inflation will be high. Also, there are two types of inflation. One depends on cost and the other on demand. If the inflation rate is high in Uttarakhand, then not much work can be done at the state government level in this matter. The central government has a big role in this. However, Uttarakhand should increase its production capacity. This reduces inflation at the local level.
