Why households are facing squeeze

The most important parameter for judging any government is the inflation vs. increased incomes. A study was conducted in Maharashtra on the cost of making two thalis in 2019 and 2024. The data used is from Ministry of Consumer affairs and other official channels.

1. The cost of rice for two thalis increased from Rs 4.5/day to Rs.6.4/day, a 42% increase in 5 years. Atta increased from Rs.7.5 to Rs.10.7 (42%); Peas increased from Rs.2.3 to Rs.4.6 (+100%); Garlic increased from Rs.1.1 to Rs.6 (+445%). The list has 14 ingredients in all.

2. The cost of making two thalis a day increased from Rs.46.2 per day to Rs.79.2 per day, a 71% increase in 5 years. On a monthly basis, it increased from Rs.1386 per month to Rs.2377 per month.

3. The average salary of a person in the preceding calendar month from regular wages/salaried employment increased in 5 years from Rs.17189 to Rs.23549, an increase of 37% over 5 years.

4. On an overall basis, the share of making two thalis for a month from regular salary increased from 8.06% in 2019 to 10.1% in 2024, an increase of 25.3% in just 5 years.

Simply put, the government is making us pay 25% more to survive. The Cost of living increased by 71% and has far outrun the growth in our salaries which was only 37%. The realty is stark as we are all poorer in real terms. more  

via_LocalCircles_IMG_0878___20240501024913___.jpeg
View all 22 comments Below 22 comments
A developing country like India will have significant inflation for quite a number of years. Usually, increase in income matches the increased spend to bring in some parity. If fair pricing norms for farmers are establised, prices may go up even further. Its usually the middle-class which generally complains the most as they do not get any subsidy or price advantage. However, quantum reforms are needed in this space and most of those reforms may not really prevent price rise. Rather, the aim must be to minimise steep fluctiations and keep the prices moving in a steady way so as not to cause shocks. Subsidies and freebies must reduce while allowing a sustainable price to agriculturists. Industrial produce must be subject to meaningful cost audits to ensure that undue profiteering does not take place. more  
What about Non Pensioner Senior Citizens? Inflation and increasing Medical Expenditures are the biggest burdens on them. more  
Cost of living has increased drastically but the government is doing nothing to help reduce price. All these increase came after COVID-19🦠😷. Middle income people and poor suffers. more  
First is this an average prices around the country or just large city?? Per real and proven theory of economics should be applied by the government and get our of the way to create free economy. Government is never the solution but creates more problems. 1) get the middlemen out of the food business who control food prices. Why not real farmers co-ops that sell to stores and public. That will eliminate the extra cost to public. 2) Get the stupid regulations and control by the government. 3) High taxes are bad all around but people of India keep asking government to give them so called free stuff that is paid by taxes. more  
* out of the way. more  
People talk of Real Issues but no body specifies these. To my mind real issue is increasing population and limited availability of resources. So this trend of increase in prices will continue as long as population goes on increasing. more  
This is an economically debunked theory and had been pushed by climate hoax. The inflation is not caused by population grown. more  
Post a Comment

Related Posts

    • Rising prices of vegetables

      Excellent report LC Manager in News papers today https://www.localcircles.com/a/press/page/veg...

      By Ajay Dutta
      /
    • Prevalence of financial frauds

      Several news papers in Mumbai yesterday carried this LocalCircles survey on financial fraud. https:...

      By Shailesh Deshmukh
      /
    • National Testing agency needs re-engineering

      Everyone please watch the attached video which has been in the doc for cheating in doc. The attached explains how this agency is very very broken and has loopholes for cheating. It...

      By Seema Belkur
      /
    • New Government (Ministers and MPs)

      Benefits for Member of Parliaments (MPs) • Base Pay : ₹1 Lakh / Month • Office Allowance ; ₹60,000 / Month • Phone Allowance: ₹1.5 Lakh / Year • ...

      By Vibhor Chhabra
      /
    • Milk price hike survey

      The LocalCircles milk price hike survey is super accurate when it says people are getting squeezed with increases in milk prices. My maid in Mumbai has cut her monthly quantities in hal...

      By Sobhita D
      /
    • Amul protein products a health hazard

      Amul has launched a new range of protein products. See attached their protein lassi. My cousin found some black substance coming out of it. On cutting the tetrapack in half, we found sma...

      By Shailesh Deshmukh
      /
    • Standardization of Gyms and Swimming Pools

      Can LocalCircles demand from the Government that standards be created for swimming pools and gymnasiums. Right now its a free for all when it comes to swimming pools and gym facilities. ...

      By Vijaya Nair
      /
    • DEMOCRACY'S GAIN NATION'S LOSS

      For the last ten years of Government we saw dizzy pace of reforms and development. In the last two terms in 2014 and 2019, we had victory in both democracy as well as Nation. With the recent poll r...

      By VIJAYKUMAR N
      /
    • Only 4 pct Indian households get drinkable water

      The LocalCircles household water survey is an eye opener with the subject headline https:/...

      By Dipali Yadav
      /
    • Household Squeeze Corrections from next Government

      We have seen since the elections that prices of milk and tolls have gone up. Can everyone please write about the interventions we need from the next Government ? My input...

      By Ruchika L Maheshwari
      /
    • Way forward in Government formation

      NDA may still form the govt with Modiji as PM. But, you can definitely say goodbye to: • UCC • NRC • Kashi Mathura • Judicial reforms Given ...

      By Sudesh Rai
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)