Ground Report | New Delhi: Most Indians troubled; This time Covid-19 epidemic effects and rising inflation. While the economy is crumbling due to Covid, on the other hand, due to the continuous increase in the prices of items of domestic needs, the pockets of the common man are being cut.
In a survey conducted by the Localcircles, 79 percent of the people of the country have believed that due to Covid and rising inflation, there will be a decrease in household income in the financial year 2021-22, while 49 percent say that it will reduce their savings. Let’s know what else has come out in the survey.
LocalCircles conducted a survey on earnings, savings, rising fuel prices, and skyrocketing prices of household items. In which more than 70 thousand 500 people expressed their opinion. This survey has been done in 382 districts of the country. In this, 63 percent of the respondents were men and 37 percent were women.
- 65 per cent households say that they have paid 25-100% higher prices for vegetables this year as compared to December-February 2021.
- 79 percent of households say that they have to spend more on essential items or grocery costs every month as compared to December-February 2021.
- 47 percent of consumers now fear that the uncertainty of Covid in their household budget plan will last for 6 to 12 months.
- 49 per cent consumers believe that their average household savings will decline in 2021-22 as compared to 2019-20.
- Due to the second wave of Corona, 49 percent of the people said that their savings are likely to fall to cover their household expenses. Thus, their savings are expected to decline in the financial year 21-22.
- 79 percent of consumers believe that their household income will decrease in 2021-22 as compared to 2019-20.
In most parts of the country, we are paying more for groceries and household items than before. The prices of essential household items like edible oil, soap, shampoo have seen an increase of 4-20 percent. (Most Indians troubled)
The prices of vegetables are also increasing due to rising prices of petrol and diesel and insufficient supply. On the other hand, talking about the retail inflation rate in the country, it was recorded at 6.3 percent in May and June.
The inflation rate of food items is currently present at 5.58 percent. The inflation rate of pulses is 10.01%, that of fruits is 11.82%, that of transport is 11.56%, that of fuel and light is 12.68% and that of oil and fat is 34.78%.
All this is happening at a time when petrol and diesel prices have crossed the 100 marks in most of the states of the country. In April and May, when many states of the country were under lockdown, there was a 15-fold increase in fuel prices. (Most Indians troubled)
Petrol prices have crossed 100 in at least 16 states and union territories of the country. Petrol is being sold at Rs 112 and diesel at Rs 102 per liter in a state like Rajasthan.