Cost of Living LIVE November 21: The cost of living is basically the amount of money one needs to survive in a given place - and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.
Since the Russia-Ukraine war broke out, the cost of raw materials and commodities has gone up. This has increased India's payments outgo for oil, gold, and other commodities.Fuelled by rising food inflation, the retail inflation for agricultural labourers and rural workers increased marginally to 7.08 per cent and 6.92 per cent in October, respectively, from 6.70 per cent and 6.55 per cent respectively in September 2023, said the labour ministry in a statement on Monday.Food inflation stood at 8.42 per cent and 8.18 per cent for the Consumer Price Index for Agricultural Labourer (CPI-AL) and Consumer Price Index for Rural Labourer (CPI-RL) in October 2023 compared to 8.06 per cent and 7.73 per cent respectively in September 2023.
The values of CPI-AL and CPI-RL came in at 7.05 per cent and 7.00 per cent respectively during the corresponding month of the previous year.Fuel rates are revised at 06:00 A.M every day. Since June 2017, fuel prices in India have been revised daily, and this is called the dynamic fuel price method.BangalorePETROL (Rs/L) - 101.94DIESEL (Rs/L) - 87.94ChandigarhPETROL (Rs/L) - 96.2DIESEL (Rs/L) - 84.26ChennaiPETROL (Rs/L) - 102.63DIESEL (Rs/L) - ₹94.33KolkataPETROL (Rs/L) - 106.03DIESEL (Rs/L) - ₹92.76Mumbai CityPETROL (Rs/L) - 106.31DIESEL (Rs/L) - ₹94.27New DelhiPETROL (Rs/L) - 96.72DIESEL (Rs/L) - ₹89.62 Download the App to get 14 days of unlimited. Read more on livemint.com