Fact Finder, The 🇮🇳
Fact Finder, The 🇮🇳

@TheFactFindr

3 Tweets 2 reads Jun 19, 2024
Is this #BIG #FRAUD ?
#India’s INFLATION #CPI being Misrepresented??
As per India’s Monthly CPI, Household RENT has ONLY increased by 4% per year over the past 2.5 years (Cumulative 10.24% over 2.5 years)
per #Anarock is RENT has increased 15-16% per year (42% over 2.5 yrs)
Almost 25-40% of a person income is going into RENT or EMI for a Mortgage.
People go for RENT since EMI is much higher.
By Disclosing a low CPI,
> Govt & Banks are able to pay you low Rate of Interest on FDs/Bonds
> Govt will claim Low Inflation
> Indexation benefit on Capital Gains is lower
> Real GDP growth would be Reported Higher

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