Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Inflation in goods used by rich higher than those by poor: PHD

Inflation in goods used by rich higher than those by poor: PHD

Share this article Share this article
published Published on Nov 3, 2013   modified Modified on Nov 3, 2013
-PTI


Inflation during the current festive season is impacting the rich more than poor as the goods used by them have seen a higher price rise a report by a industry body said.

"The impact of price rise as measured by the Wholesale Price Index (WPI) is found higher on rich class at around 9.3 per cent as compared with the poor class at around 8.4 per cent," PHD Chamber of Commerce & Industry Executive Director Saurabh Sanyal said.

In the select basic items of consumption, rich class is impacted more at the rate of 9.3 per cent as compared with poor class at the rate of 8.4 per cent during the current festive season, a report by PHD Chamber of Commerce & Industry has said.

The average inflation of goods consumed by the high income group such as fruits, pulses, cashew nuts roasted, cigarette, motor vehicles, perfume and LPG stands at 9.3 per cent, it added.

While the average inflation for seven commodities mostly used by the poor like rice, potato, fodder, bidi, bicycle, toilet soap and kerosene stands at 8.4 per cent, the report said.

Inflation in India can be tackled only by easing supply side constraints and improving infrastructure at a rapid pace, which can lead to an overall development in the economy, going forward, Sanyal added.

"The government must enhance public investments in infrastructure sector especially the agri-infra in terms of supply side infrastructure i.e. farm gate to consumer doorstep supply chain management, which could effectively tackle the challenge of inflation," the report said.


The Indian Express, 2 November, 2013, http://www.indianexpress.com/news/inflation-in-goods-used-by-rich-higher-than-those-by-poor-phd/1190356/


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close