According to a survey conducted by Rakuten Insight in March 2023 in India, about 64 percent of respondents aged 55 years and above stated that rising inflation affected their ability to pay for basic necessities such as food, clothing, and healthcare. In comparison, 63 percent of respondents in the same age group reported that they were unable to save due to inflation.
Impact of inflation on basic household expenditure India as of March 2023, by age
Characteristic
16 to 24 years
25 to 34 years
35 to 44 years
45 to 54 years
55 years and above
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Rakuten Insight. (April 12, 2023). Impact of inflation on basic household expenditure India as of March 2023, by age [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1378513/india-inflation-effect-on-household-expenditure-by-age/
Rakuten Insight. "Impact of inflation on basic household expenditure India as of March 2023, by age." Chart. April 12, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1378513/india-inflation-effect-on-household-expenditure-by-age/
Rakuten Insight. (2023). Impact of inflation on basic household expenditure India as of March 2023, by age. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1378513/india-inflation-effect-on-household-expenditure-by-age/
Rakuten Insight. "Impact of Inflation on Basic Household Expenditure India as of March 2023, by Age." Statista, Statista Inc., 12 Apr 2023, https://www.statista.com/statistics/1378513/india-inflation-effect-on-household-expenditure-by-age/
Rakuten Insight, Impact of inflation on basic household expenditure India as of March 2023, by age Statista, https://www.statista.com/statistics/1378513/india-inflation-effect-on-household-expenditure-by-age/ (last visited August 25, 2024)
Impact of inflation on basic household expenditure India as of March 2023, by age [Graph], Rakuten Insight, April 12, 2023. [Online]. Available: https://www.statista.com/statistics/1378513/india-inflation-effect-on-household-expenditure-by-age/