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Bargain buy: Microwave

Bargain buy: Microwave

Here we highlight the least expensive model in a product category. This time its microwaves.

Price is not the same as value. So the most expensive product isn't always the best value for your money. Money Today's new section highlights the least expensive model in a product category. Models of the most popular brands will be considered. If price is of no consequence to you, check out the most expensive comparative model.

OUR PICK

Model – Videocon - ES1197P

Price – Rs 2,990

Features – 19-litre capacity solo microwave, enamel coating, 5 variable cooking power levels, mechanical control knobs, defrost setting, 35 min timer, 245 mm turntable diameter, 700 W power output

CLOSE SECOND

Model – LG – MS-1947C

Price – Rs 3,990

Features – 19-litre capacity solo, epoxy coated cavity, 5 preset menus, 5 variable cooking power levels, 4 auto defrost menus, feather-touch programme panel, child safety lock, 245 mm turntable diameter, LED display, 800 W power output

TOP OF LEAGUE

Model – LG SolarDOM (ML-3483 FRR)

Price – Rs 31,990

Features – 34-litre capacity SolarDom (combination of a convection-plus-grill microwave and a conventional oven), stainless steel cavity, 405 mm turntable diameter, 12 preset menus, 5 variable cooking power levels,multi-stage cooking, 9 custom cook options, 4 auto defrost menus, tactile programme panel with pop-up dial, 900 W power output, child safety lock

PURCHASING POWER

The all-India consumer price index average for 59 cities is 5.5%, with more than half the cities well below this figure. However, Shillong continues to be one of the most expensive cities to live in with the index scaling to almost three times the national average.

ALL-INDIA PRICE INFLATION: 5.5%

HIGHEST INFLATION RATESLOWEST INFLATION RATES
Shillong - 14.9%Mangalore - 2.9%
Imphal - 9.5%Nagpur - 2.9%
Kohima - 9.3%Rohtak - 3.0%
Kolkata - 8.5%Kozhikode - 3.3%
Srinagar - 7.9%Surat - 3.4%
Figures are percentage annual rise in consumer price index for urban non-manual employees from Oct 2006 to Oct 2007
FIVE CREDIT CARD RATES
 Credit card Rollover interest (pm)Balance transfer (%) 
 Axis Bank 2.95%0.75 (0-6 months)
2.95 (>6 months)
 HSBC 3.10%0.99 (11.88 p.a.) 
 SBI 3.10%Plan 1: 0 (for 90 days)
Plan 2: 0.99 (for 180 days)
 ICICI 3.15%0.75 (0-6 months)
1.49 (>6 months)
 ABN Amro Bank 3.50%1.49
Credit card rollover can downgrade your credit rating with Cibil keeping track of details such as delays and defaults in repayment
Card companies have to indicate the cost of rollover, which is currently 30-45% a year