Interviewtimes 
The second wave of Covid 19 is now raging across the country. The number of people being hospitalized has risen sharply. The Reserve Bank of India (RBI) on Tuesday expressed fears that the price of essential commodities could rise further if such a situation continues.
The RBI fears that if the infection rate continues to rise, the government may be forced to impose lockdowns across the country. The supply chain will be affected if the government takes final steps. Market prices are expected to rise if demand and supply are affected, the RBI said in a statement.
If the government fails to control the corona ahead of time, the export of various goods could have a long-term impact. The impact on the supply chain will be fueled by rising oil prices. As a result, the RBI estimates that inflation in the country will rise due to high oil prices. According to the RBI, the consumer price index was 5.5 per cent in March. This was limited to 5 percent in the previous month, while food and fuel prices rose. However, the RBI estimates that inflation may rise further in May. This is because the lockdown in the capital, Delhi, has been steadily increasing. Prior to this, night curfews and weekend shutdowns were taking place in many parts of the country. This has severely affected Maharashtra’s Lockdown supply chain. So the price is expected to rise.
