Urban Indian Households Struggle To Cope With Rising Food Prices
Indian households in large cities and nearby suburbs are feeling the strain of higher food prices even as they adapt in creative ways, according to a report. About six in 10 households can pay their bills and save a little, but roughly four in 10 say they are either barely coping or financially insecure. Food inflation and volatile vegetable prices have made cost of living the top risk Indians see for the coming year.
What the Inflation Rate Doesn’t Tell You About Everyday Struggles
The official inflation rate is released every month and is used by policymakers and the media as an indicator of whether life is becoming more expensive for citizens. But a paper by the World Inequality Lab shows that this average number hides big gaps in how rising prices affect people at different income levels, especially the poor.