Economic Survey: Private tuition, doctor fee contribute most to inflation

This is an important insight into price situation in the economy, especially when inflation in health and education was more than the average general CPI

In a first-of-a-kind analysis of price rise in important services, the Economic Survey has shown that private tuition fees, doctors’ fees, bus fares and telephone charges were the areas that contributed the most to consumer inflation in the fiscal year 2018-19.

This analysis has been done from Labour Bureau estimates of consumer price index inflation for industrial workers (CPI-IW). 

This is an important insight into price situation in the economy, especially when inflation in health and education was more than the average general consumer price index-based (CPI) inflation. General CPI inflation had dipped in FY19 courtesy low growth in food prices. 

The Survey