Highlights

  • With four hikes in just 2 months, cylinders are now Rs 200 more expensive just in 2021
  • CNG prices have been hiked twice in the first two weeks of Oct
  • Edible oil prices are up over 30% in just one year

Latest news

Last chance for redemption: Sidhu darts letter to Sonia Gandhi, lists 13-point plan

Last chance for redemption: Sidhu darts letter to Sonia Gandhi, lists 13-point plan

DC Fandome | 'The Flash' trailer teases fans with Michael Keaton's Batman

DC Fandome | 'The Flash' trailer teases fans with Michael Keaton's Batman

Your heart needs some extra TLC once you reach middle age. This study will set you in the right direction

Your heart needs some extra TLC once you reach middle age. This study will set you in the right direction

Kunal Khemmu wraps up shoot for 'Kanjoos Makkichoos' with Shweta Tripathi

Kunal Khemmu wraps up shoot for 'Kanjoos Makkichoos' with Shweta Tripathi

First film shot in the space: Russian filmmakers land after shoot aboard space station

First film shot in the space: Russian filmmakers land after shoot aboard space station

Inflation at 5-month low...Doesn't really feel like it

From food to fuel the price rise is escalating, EJ Biz looks at the real inflation faced by consumers-:

The headline read retail inflation at 5-month low but to an average household that seems like a mockery to the exploding monthly budgets. From food to fuel the price rise is escalating, EJ Biz looks at the real inflation faced by consumers.

1. Petrol & Diesel prices

High taxes and rising crude prices continue to pump up the payout for fuel. With diesel prices above 100 and petrol retailing at Rs 110/litre, fuel prices are at a record high across the country. Petrol prices have risen over Rs 20 in just one year. Over half of your petrol bill is taxes, the actual cost of fuel at the pump is actually under Rs 50/litre. 

Also Watch | GatiShakti: PM Modi launches Rs 100 lakh crore master plan for infra

2. PNG, CNG prices

If you thought going clean and green was a better option, you might be thinking again given that CNG prices have been hiked twice in the first two weeks of October. The pressure on prices increased as  the Centre increased the rate of domestic natural gas by 62 percent.

3. LPG Gas Cylinder

Even if you decided to save on fuel bill and stay home, the cost of cooking at home also is burning a hole in the consumers pocket. LPG gas cylinder price now just shy of Rs 1000 mark. With four hikes in just 2 months, cylinders are now Rs 200 more expensive just in 2021. 

4. Edible Oil

Be at the fuel pump or in the kitchen kadai, oil has taken over the household budget as prices continue to soar. Edible oil prices are up over 30% in just one year. For example, the average retail price of groundnut oil, which a year back was Rs 150/liter, has now gone up to over Rs 200/liter. 

5. Tomato, Onion prices

Not peeling but buying onions at the current price is adding tears to the consumers eyes. With prices sky rocketing due to high fuel costs and also due to untimely rains damaging crops. Vendors are reporting that tomato and onion prices have soared to Rs 50/kilo and are likely to go up even further if fuel costs do not reduce. 

Also Watch | LPG Cylinder to Petrol - price hikes galore! Global energy crisis enters India's kitchen and cars

So even as the central bank reduces their inflation outlook for the year consumers across the country are seeing their expense list rise. So when the headline in the morning reads inflation eases, the common man questions where?

Up Next

Inflation at 5-month low...Doesn't really feel like it

Inflation at 5-month low...Doesn't really feel like it

Firecracker stock story! This bet gave investors 1500% return

Firecracker stock story! This bet gave investors 1500% return

Mukesh Ambani's green shopping bag has two new investments ... again

Mukesh Ambani's green shopping bag has two new investments ... again

Reliance brands to acquire 40% stake in Manish Malhotra's designer label

Reliance brands to acquire 40% stake in Manish Malhotra's designer label

Mukesh Ambani now worth over 100 billion dollars! Just one rank below Warren Buffet in rich list

Mukesh Ambani now worth over 100 billion dollars! Just one rank below Warren Buffet in rich list

Sold out in seconds! Manish Malhotra becomes India's 1st designer to drop NFTs

Sold out in seconds! Manish Malhotra becomes India's 1st designer to drop NFTs