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

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

Indivjal Dhasmana 

People pick up food from a collection point of non governmental organization (NGO) Vidya Dham Samiti in Banda District, Uttar Pradesh. Photo: Bloomberg
Representative image

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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