Inflation: From the price of milk to loan EMI, everything is expensive, know how much did the prices increase in a month

Inflation on Consumer Products In the last one month, the prices of a large number of things have increased in the country. Due to this people have to pay more price than before to buy the same thing.

Inflation: From the price of milk to loan EMI, everything is expensive, know how much did the prices increase in a month
From the price of milk to loan EMI, everything is expensive, image source: freepick

Before Diwali, the prices of many things are increasing rapidly in the country. This can have a direct impact on your Diwali shopping. Interest rates on loans, CNG, PNG, fruits-vegetables and milk prices have also increased in recent times. 

Inflation has remained at a high level since the beginning of this financial year due to the rise in crude oil prices due to the Russo-Ukraine war. At the same time, the heavy rains in North India in the past have also increased the inflation. 

EMI gets expensive

In the last five months, interest rates have been increased four times in the last five months, if the increase in September by the RBI to control inflation is combined. Due to this the repo rate has reached 5.9 percent, which was 4 percent in the Corona period. Repo rate is the rate at which commercial banks take loans from the central bank. The increase in its interest rate has a direct effect on the customers taking loan from the bank. Due to the increase in the repo rate, the borrowers have to pay more interest than before. 

Milk price

Before Diwali, the country's big FFCG companies Amul and Mother Dairy have given a big blow to the people of the country by increasing the price of milk. Amul has increased the price of one liter of full cream to Rs 63 from Rs 61 earlier, citing rising cost. Similarly, FMCG company Mother Dairy, which supplies milk in Delhi NCR, has also increased the price of milk by Rs 2 per liter. 

Rise in the prices of fruits and vegetables

Due to the rain in North India, the prices of fruits and vegetables have reached the sky. Due to this, the prices of important vegetables used in households like tomatoes, cabbage and others have increased. 

CNG-PNG Price

With the rise in the price of CNG-PNG, driving and cooking at home has become costlier. Indraprastha Gas Limited, a company that supplies CNG-PNG in Delhi NCR, had increased the prices of CNG-PNG by Rs 3 per kg. After the increase in prices, CNG in Delhi is Rs 78.61 per kg, while in Noida, Greater Noida and Ghaziabad the CNG price has reached Rs 81.17 per kg.