Inflation Vs Earning - What matters the most?

What impacts you the most? 


Case:-

In Delhi, Sept 2013, the petrol price was Rs 74.10 a litre. Today on April 2021, The petrol price in Delhi currently stands at Rs 92.05 a litre. Approx. 25% appreciation in petrol prices. And, similar percentage appreciation is observed across all part of the country.

Assumption:-Suppose your family income was Rs 1 lac per month in 2012.

I have two questions now? Both questions have two options to chose. Please choose one for both question and comment with your options. If you also give logic behind your answer, it will be great.

Q.1) Which situation would have made you feel happy and richer?

               A) Petrol prices should not have increased + family income stands at the same Rs. 1 lac per month. 

               B) Family income would have doubled from Rs 1 lac per month to Rs 2 lac per month + Petrol price would have also got doubled.


Q.2) Which situation would make you feel sad and poorer?

             A) Petrol prices increased at the same 25%, which is the current level + family income also increases by the same 25% only and now stands at 1.25 lac per month. 

            B) Petrol prices should not have increased + No increment in family income, and it stands at the same Rs. 1 lac per month.


Note:- I am conducting one research on inflation, income and poverty alleviation. I plan to send the same to PMO and would like to share with each one of you. 

I need your help. For any research, we need data — unbiased data from all kind of people. Please, please comment below on the blog. Below is the comment section. I target a minimum of 1000 response.

I appreciate any help you can provide. If you share the link within your known groups, it will be a big help.


Regards - Kundan