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1 Uncorrected/ Not for publication- 08.12.2009 SSS-AKG/11.00/1A ...

1 Uncorrected/ Not for publication- 08.12.2009 SSS-AKG/11.00/1A ...

1 Uncorrected/ Not for publication- 08.12.2009 SSS-AKG/11.00/1A ...

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167<strong>Uncorrected</strong>/ <strong>Not</strong> <strong>for</strong> <strong>publication</strong>- <strong>08.12.2009</strong>Inflation can be of many types. It may be cost-push inflation or it maybe any type of inflation where too much money is chasing too fewgoods and that is what we call the price rise. The price rise is visible inall spheres. I might point out that in my city, Mumbai, one square footof area in a flat in some parts of the city costs as much as Rs.1 lakh.The prices are rising in real estate; prices are rising of industrial goods.Today's morning paper says that the car prices are also going to see avery steep rise. But we are concerned here today with the price rise inessential commodities which concerns the common people.KSK/4.30/3F(Contd. by 3f/KSK)SHRI Y.P. TRIVEDI (CONTD): The common people are affectedbecause of the price rise of essential goods. What is the position? Ifyou look at the statistics -- I have got plenty of them, but I do notintend to rattle them because much has been spoken about thestatistics -- there is a wide gulf between the Wholesale Price Index, theConsumer Price Index and the actual price paid by the householder <strong>for</strong>buying his commodities. Even the Consumer Price Index is also not oneindex, but there are so many. There is consumer price <strong>for</strong> industrialworkers, <strong>for</strong> agricultural labour, <strong>for</strong> non-manual labour and <strong>for</strong> urbanpeople.(THE VICE-CHAIRMAN, Prof. P.J. Kurien, in the Chair)These types of indices also sometimes create some confusion.So, we should have some narrowing down between the Wholesale PriceIndex, the Consumer Price Index and the price actually paid by thehouseholders while buying the commodities. Now, I think, this House,

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