Farmers’ push for higher profits in urban markets is stoking inflation in interior communities, widening the price gap between cities and rural areas, experts have said. Latest Consumer Price Index data put urban inflation at 15.65 percent in October, marking a 0.21 percentage point below the 15.86 percent recorded in rural areas. This was the third consecutive rise since August. In August and September, urban inflation stood at 19.75 and 17.50 percent, while rural inflation readings were 20.28 and 18.26 percent, respectively.
Farmers’ push for higher profits in urban markets is stoking inflation in interior communities, widening the price gap between cities and rural areas, experts have said. Latest Consumer Price Index data put urban inflation at 15.65 percent in October, marking a 0.21 percentage point below the 15.86 percent recorded in rural areas. This was the third consecutive rise since August. In August and September, urban inflation stood at 19.75 and 17.50 percent, while rural inflation readings were 20.28 and 18.26 percent, respectively.