亞洲經濟

Inflation losing its sting in Asia

R.K. Upadhaya, shopping for his family of six in New Delhi’s Kotla Mubarakpur market, says inflation means eating fewer vegetables and giving up fruit.

“We are now consuming less of everything than we used to,” says Mr Upadhaya, a welfare officer at the All India Institute of Medical Sciences. “With apple prices now over Rs100 [$2.24] a kilogramme and bananas over Rs30 [a kilogramme], we buy fruits only for our kids.”

The price of food items such as these is climbing faster than India’s official inflation rate of 9.41 per cent. The cost of bananas in New Delhi is up 50 per cent over the year, while paneer – a form of cottage cheese – has risen 26 per cent to Rs145/kg.

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