2021, the year that was: Firms may no longer share higher cost burden

The concluding part of year-ender series looks at how inflation pinched consumers' pocket

At a broad and rough level, wholesale mandis were selling goods at prices 2.5 per cent higher at the beginning of 2021 than those a year earlier. On the other hand, consumers were getting goods and services at 4.06 per cent higher prices over this period.

By November, the situation took a dramatic turn and wholesale mandis sold goods at 14.23 per cent higher prices year-on-year, while consumers shelled out 4.91 per more in the month on a yearly basis.

This assessment assumes wholesalers sold and consumers bought goods and services in accordance with their weightings in the consumer price index (CPI)