IT hub Bangalore costliest city in India to live in: Survey

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Bangalore, Mar 29: IT-capital Bangalore is the costliest Indian city to live in the country, according to an analysis of the Reserve Bank of India's Consumer Price Index (CPI). [While Bangalore takes the costly city tag, Hyderabad inexpensive]

The survey shows Mumbai following the league after Bangalore. Delhi finds itself in the lowest spot as it receives its subsidies from the Centre.

Bharat Petroleum's latest figures reveal that Bangalore pays Rs 415 for a 14.5-kg refill, Mumbai Rs 402 (which is expected to see a hike in price after budget), Kolkata Rs 405, Chennai Rs 393.50 and Delhi Rs 399.

In the national chart, Bangalore's CPI stands at 200, followed by Mumbai at 199, Kolkata at 184 and Delhi at 181. The average national CPI is 198.

"Frequent hikes in the prices of basic items put our home budget out of sync every month," said Aditi Rao (34),  resident of Kormangala, as reported by the Times of India.

Ravi Duggal, Budget analyst, owe the high cost of living in the city as a result of the booming IT industry.

"Where education is concerned, for instance, Delhi has more public education facilities than Mumbai," he said.

Talking about Mumbai, he said, "There are many factors, the chief being high rentals. Over 40% of the salary of an average Mumbaikar goes into paying rent."

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