Sunday, April 10, 2022

The kulfi inflation index

India has had crazy amount of inflation over the last 10 years. Every time I visit, I see prices going up everywhere and things getting more expensive.

I have a friendly neighbourhood kulfi vendor who is my perfect gauge for inflation in India. That's mainly because every time I visit,  I make sure to visit his place and order a stick of kulfi. And every time without fail, his price has increased as compared to the previous year. Just for reference, his kulfi costed Rs. 5 in 2007, and as of now in 2022 it costs Rs. 50. That's a CAGR of approx. 16.59 % It is unbelievable!

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