After providing you with 29 ideas for building fortunes, we have given our popular section Small Fortune a rest. Replacing it is this new section that will compare prices and earnings in the past with what they are today and what they would be in the future, if the growth rate continues in the future.
The purpose is to drive home the importance of inflation accounting and long-term planning in the family budget.
Then: An LPG cylinder was priced at Rs 68 in 1992
Now: It now costs Rs 295, an increase of 334% in 15 years
Then: If prices increase at the same rate, a cooking gas cylinder may cost Rs 1,285 in 2022
Sure, the four-digit future price does sound alarming, but consider this: minus the government subsidy on an LPG cylinder, even the current price is Rs 488—40% more than what you are paying. So, be prepared for an imminent flare up in your fuel budget.
Retail price in Delhi. Prices have been rounded off. Source: Petroleum Ministry
