Nice statistics on
the Rise in Price of Rice ……..
Price rise has been
a major headache for the common man as well as economists and politicians in
India. Elections have been fought, won and lost over onion prices in the past!
Now let us focus on
some startling facts by looking at some statistics for the last 18 years.
Why 18 years?
Well that’s the age
when a person becomes entitled to vote in our country. That’s the ‘Gen X Voter’.
They need to know some hard facts before getting confused with rhetoric.
The price of rice in India (standard) in
January 1995 was Rs. 8.62 per kilogram. It is approximately Rs. 30.89 per kilogram
today. That’s a rise of 258% in the ‘Price of Rice’. It has risen 3.58 times in the last 18 years.
Compare this to the
price of Gold. In January 1995 it was
Rs.381.84 per gram. It is approximately Rs.2,958/- per gram today. That’s a rise of 675% or 7.75 times in the last 18 years.
And now about diesel prices during the same period: The
price of Diesel in India in January 1995 was Rs. 6.98 per liter. It is
approximately Rs.50.98 per liter today. That’s a rise of 630% or 7.30 times
in the last 18 years.
What about petrol prices during the same period? In
January 1995 it was Rs. 16.78 per liter. It is approximately Rs. 75.03 today.
That’s a rise of 347% or 4.47 times in the last 18 years.
Surprised?
Yes the price of rice
has gone up the least among the four in the last 18 years!
Conclusion?
We leave that to
you. That’s adding to confusion? Well let it be……
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