Richest 20% facing more inflation than poorest 20%, says CRISIL

Last Updated on January 17, 2023 by Admin

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The gap widened in rural areas in October relative to September as inflation for the bottom 20 per cent fell more

Topics

Crisil | Inflation | Indian Economy



has estimated that the highest was faced by the upper 20 per cent income group in urban areas — 5 per cent year-on-year in October compared with 4.6 per cent in September.


“This was driven by fuel and core inflation, which cumulatively occupy 65 per cent weight in their commodity basket,” said. The lowest was faced by the bottom 20 per cent in rural areas — 3.9 per cent year-on-year in October compared with 4 per cent in September, driven by lower food





The gap widened in rural areas in October relative to September as inflation for the bottom 20 per cent fell more. However, the gap reduced in urban areas as inflation rose for the bottom 20 per cent in addition for the top 20 per cent.


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First Published: Sat, November 13 2021. 02:03 IST



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