Family’s monthly living expenses rise over record Rs 31,000 YoY

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The year on year (YoY) rise in a family’s monthly living expenses breached the Rs 30,000 barrier for the first time last month (July 2022), by accelerating for the fourth consecutive month to a new record of Rs 31,437.17, Census and Statistics Department (CSD) data released yesterday (22 ) showed. In the previous month June, this increase was Rs 27,588.01.

Consequently, nationwide inflation also accelerated for the fourth consecutive month to 66.6 per cent last month, YoY, data showed. Subsequently, both food and non-food inflation  accelerated for the tenth consecutive month to last month, with  food inflation hitting a record 82.5 per cent and non-food inflation, soaring past 50 per cent for the first time by increasing by 52.4 per cent, YoY last month.

Among the main drivers of overall (nationwide) inflation last month, both food and non-food were  the cost of a family’s rice bill increasing by  Rs 3,672 YoY, milk powder (Rs 1,960.62), costs of housing rent, cooking gas and other fuels including kerosene (Rs 1,702.89), petrol (Rs 1,569.48), vegetables (Rs 1,536.07), eating out, like from ‘kades’ (Rs 1,432.51), fresh fish (Rs 1,368.35), sugar (Rs 925.71), high protein Mysore dhal (Rs 917.64), bread (Rs 845.63), health costs (Rs 818.31),  diesel (Rs 659.62), clothing and footwear (Rs 629.68), toilet soap (Rs 480.64), washing soap (Rs 425.51), education (Rs 381.97) and tuition fees (Rs 352.78).

 Meanwhile, also aided by the rising costs of the above soaps, a household’s monthly maintenance costs, including for ‘furnishings, purchase of household equipment and routine maintenance costs’ rose by  Rs 1,116.19; YoY to last month, CSD said.

BY Paneetha Ameresekere