Explanation:

Central Government monitors the price situation on a regular basis as controlling inflation is a priority area. It has taken a number of measures to control inflation especially food inflation which, inter alia, include the following:
•Advisories are being issued, as and when required, to State Governments to take strict action against hoarding & black marketing and effectively enforce the Essential Commodities Act, 1955 & the Prevention of Black-marketing and Maintenance of Supplies of Essential Commodities Act, 1980 for commodities in short supply.
•Higher MSP has been announced so as to incentivize production and thereby enhance availability of food items which may help moderate prices.
•A scheme titled Price Stabilization Fund (PSF) is being implemented to control price volatility of agricultural commodities like pulses, onions, etc.
•Government approved enhancement in buffer stock of pulses from 1.5 lakh MT to 20 Lakh MT to enable effective market intervention for moderation of retail prices. Accordingly, a dynamic buffer stock of pulses of up to 20 lakh tonnes has been built under the Price Stabilization Fund (PSF) Scheme through both domestic procurement as well as imports. Of this, 3.26 lakh MT has been released for market intervention and buffer management.
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•Export of edible oils was allowed only in branded consumer packs of up to 5 kg. with a minimum export price of USD 900 per MT. With a view to incentivizing domestic production this restriction has been removed on oil except for palm oil, mustard oil and sunflower oil.
THINK!
•Measures to check Inflation.