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    <title>GAP between WPI and CPI; Government and RBI takes Several Measures to Contain Inflation</title>
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    <description>Government and the Reserve Bank of India identified containment of inflation, particularly food inflation, and implemented a coordinated package of fiscal, administrative, budgetary and monetary measures. Administrative steps eased imports through tariff reductions, calibrated export restrictions and suspension of futures trading for selected commodities, imposed stock limits, maintained subsidised central issue prices and allocated foodgrains through public distribution and open market schemes. Budgetary measures targeted supply expansion and storage, while monetary policy combined earlier tightening with subsequent liquidity easing to stabilise prices and availability of essentials.</description>
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