Sunday, 26 June, 2022
HomeEconomyInflation raised monthly expenses of 92% Indian families in last 3 months,...

Inflation raised monthly expenses of 92% Indian families in last 3 months, finds survey

A LocalCircles poll found that 70% of respondents felt their monthly household budget increased by 10% while 55% expected expenses to go up by another 10% in the next 3 months.

Text Size:

New Delhi: The onslaught of inflation is being severely felt in the country as a survey has revealed that 92% of respondents experienced a rise in their monthly household expenses in the last 3 months.

The survey, which was conducted by community platform LocalCircles, also found that 7 in 10 Indian households or nearly 70% of respondents felt their monthly household spending increased by 10% in the same duration while 55% poll participants expected the family budget to go up by another 10% in the next 3 months.

According to the latest government figures, wholesale inflation in April 2021 climbed to 15.08% – the highest rise in over 16 years – driven primarily by a rise in prices of mineral oils, basic metals, crude petroleum and natural gas, food items and products among others.

The survey mainly asked two questions – about past months’ spending (to 11,808 participants) and anticipated expenditure (to 11,858 participants ) – and received 23,500 responses from over 12,000 households located across 323 districts of India.

A closer look at the poll found that expenses rose by 20-30% in 26% households, while 10% homes said that inflation drove up their family’s spending by 30-40%. In 3% households, the monthly budget shot up by over 50%.

In the case of anticipated expenses, a further breakdown of the poll showed that 26% of respondents expected an increase in their household budget by up to 10%, while 31% feared a 10-20% spike. Nearly 19% said they were looking at a 20-30% rise in prices while a small fraction of 5% saw inflation driving up monthly expenses by over 30%.

Also read: 64% Indians are pestered by 3 or more spam calls every day, survey finds


Subscribe to our channels on YouTube & Telegram

Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

Support Our Journalism

Most Popular