Interesting Facts about Inflation

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

Zee Media Bureau

  • 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 last May.
  • 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 pre 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

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