In the US Consumer Price Index (CPI), food has a weighting of 13.7%. In India food has a weighting of 46.2% in the CPI.
What can be concluded from this?
1 )
Consumers in India spend more on food than US consumers.
Food is a bigger proportion of consumer spending in India than in the US.
3 )
The farming sector’s output of food is higher in India than in the US.
4 )
The price of food is rising more rapidly in India than in the US.
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