Prices of commodities like condiments and spices, eggs, fish, meat, tea, wheat, pulses and coffee rose by 18 percent in the one year between August 2009 and 2010, an industry lobby says.In the same period, the per capita income of an average Indian rose by 10.4 percent - Rs.4,404 - from Rs.40,141 in August 2009, the study by the Associated Chamber of Commerce and Industry of India (Assocham) adds.
The study says that the rise in prices of essential commodities and per capita income is utterly disproportionate.
The prices of condiments witnessed extremely high volatility - 40 percent - between August 2009 and August 2010.
The survey found that the per capita consumption of condiments and spices in India is on the rise following a change in food habits. Winter, the season of weddings in north India along with Christmas and New Year celebrations, may also lead to an upsurge in the demand for spices.
Yahoo News
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