Finance ministry didn't claim inflation hurts rich more than poor, says PIB

The claim and counterclaim over inflation come at a time when retail inflation rose to an eight-year high in April to 7.8 per cent

The government on Monday disputed reports that the finance ministry had claimed that inflation hurts the rich more than the poor.

“A Tweet with the picture of Union Finance Minister @nsitharaman is being circulated claiming that the Finance Ministry has stated-'Inflation will affect the rich more than the poor in 2022.' The Claim is fake. @FinMinIndia has not given such statement,” the Press Information Bureau (PIB)’s fact check division posted on its Twitter account.

The monthly economic review for April published by the finance ministry last week said: “Seen over a longer time horizon, inflation in India’s economy has not