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ECONOMIC TRENDS
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RETAIL PRICES
As the statistics of retail prices at Bhir are
not available, the trend in consumer goods index numbers is given
here. For computation of the indices 1951-52 has been taken as the
base year.
Year |
Index numbers of
consumer goods |
(1) |
(2) |
1952-53 |
113 |
1953-54 |
91 |
1954-55 |
62 |
1955-56 |
72 |
1956-57 |
88 |
1957-58 |
89 |
1958-59 |
107 |
1959-60 |
111 |
1960-61 |
104 |
The prices of consumer goods were the
highest in 1952-53. This could be attributed to the scarcity
conditions during the year. The prices were the lowest in 1955.
This downward trend in retail prices was in conformity with the
fall in agricultural prices all over the country. The fall in
prices continued up to May of that year, after which a slightly
upward trend set in. This upward trend continued during the
subsequent years. Prices of almost all the goods continued to rise
even after 1960. The rise has been appreciable in the case of
agricultural commodities as well as finished articles. The
increasing level of commodity taxation also added to the existing
inflationary pressure.
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