Follow Us:
Tuesday, May 24, 2022

Daily commodities pinching pockets of most Indians: Assocham

Retail inflation in pulses and products category has risen after prices of lentils reached as high as Rs 210/kg, while that of spices have witnessed rose 9.2 per cent, it said.

By: PTI | New Delhi |
October 25, 2015 12:44:16 pm

Inflation may have dropped significantly from last year, but most Indians still find prices of goods and services consumed on a daily basis growing beyond their comfort level, an Assocham study said.

Despite fuel prices coming down and moderate rise in wages, cost of education and health services — two critical areas of interest to the middle-class — has risen much higher than the headline Consumer Price Index (CPI) for September at 4.41 per cent, the industry body said.

Retail inflation in pulses and products category has risen after prices of lentils reached as high as Rs 210/kg, while that of spices have witnessed rose 9.2 per cent, it said.

“With severe shortages of education and health facilities in the public sector, the middle-class has to depend on private sector schools, colleges and hospitals and their costs have become quite high.

Best of Express Premium

What makes KuCoin P2P Trading Platform a Good Choice To Buy Crypto?Premium
Airtel Demonstrates Immersive Video Entertainment On 5G; Recreates Kapi...Premium
Is It A Good Idea To Keep One Account For All Your Financial Transactions?Premium
Touching The Sky : SIMS, Pune Alumni On A Path To Make A DifferencePremium

“While the annual increase in prices of these services may not show huge rise, the base price of such facilities is so high that it is becoming increasingly difficult for a large number of people in cities and small towns to afford them,” Assocham Secretary General D S Rawat said.

Rawat suggested that public expenditure on health and education be raised significantly, both at the Central and state government levels.

The chamber’s study showed that other items of use for the middle-class, like meat, fish, milk and milk products, have also seen significant price increase between 5 and 5.5 per cent.

“While the RBI has in the last instance reduced the policy rate by 50 basis points, the average transmission is not above 30 bps despite so much of prodding by the government and the Reserve Bank of India (RBI),” Assocham said.

Latest Comment
View All Comments
Post Comment
Read Comments

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard

Featured Stories

Malaika Arora demonstrates three yoga asanas to reduce belly fat; watch
Nikhat Zareen: 'My mother was crying and said no one would marry me. I re...Premium
Jo Jeeta Wohi Sikander at 30: Akshay Kumar was rejected for this Aamir Kh...Premium
RRR: SS Rajamouli's epic tests the limits of believability, but nothing i...
IPL 2022, GT vs RR Highlights: David Miller guides Gujarat to IPL final, ...
Advertisement
Advertisement
Advertisement
X