Considering the buzz around rising food prices, for eg: Tomato prices of late, This is an interesting data-point as to how much rise in food prices impacts CPI.
My colleague @Abhinav_Singh_Negi rightly pointed out if this implies that more sophisticated the consumer base (and richer), lesser the weight of food in its consumption basket?
Interesting to see how grouping is done. 7 countries are marked as “Emerging market” and other 6 as “G20”.
Fact is all 13 countries listed here are part of G20
Our CPI print of 4.81% vs 4.25% MoM is not partial to the food prices. I cannot comment on other cities, but the price of vegetables & fruits are pretty high.
Even a middle class salaried person will be pushed to poverty if he continues to purchase groceries as he used to.