Facts about Price rise

Consumer Price Index in India increased to 231 Index Points in June, 2013 from 228 Index Points in May, 2013.

• Consumer Price Index in India increased to 231 Index Points in June, 2013 from 228 Index Points in May, 2013

• The rise in food prices has pushed 44 million people into poverty since June 2010.

• In a survey, over 92 per cent of the respondents said that their monthly household bills have jumped by 15-20 per cent since May 2013.

• Wholesale Price Index has risen to 5.79 per cent from 4.86 per cent in June, mainly driven by higher food prices.

• Manufacturing inflation averaged 5.3 per cent increase, whereas fuel inflation averaged 10.2 per cent increase over the five-year period.

• Inadequate supply is a key ingredient for the rising inflation in India.

• India spends around 80-90 per cent of import bill on petroleum products.

• Domestic consumption of fuel in India was 76 per cent in year 2011-12, and based on this demand and consumption, it is estimated that oil dependence will be as high as 85 per cent by 2020.

• Average inflation of India in 2013 is 11.18 per cent, whereas in 2007 it was 6.39 per cent.

• The movie “Cleopatra” cost $44 million to make in 1963. With inflation taken into account, the same movie would cost $300 million to make today.

Compiled by Praveen PJ

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close