Chidambaram Rejects Jaitley's Remarks over Inflation

Former finance minister P Chidambaram rejects 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 Consumer Price Index was 6.77 and The Wholesale Price Index was 5.66. Did FM add the two numbers? Voodoo statistics!" Chidambaram tweeted.

Intervening in the price rise discussion in the Lok Sabha, Jaitley on Thursday said 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 Rahul Gandhi attacked Prime Minister Narendra Modi and alleged that the government had failed to control prices, particularly of the essential commodities.