Those years of low prices

We feel surprised by the low prices of 1950s and 1960s. It is quite natural because prices have skyrock eted. So When you learn that the same loaf of bread which you purchase for 30 rupees was available to your grandfather for 25 paise you are bound to be surprised.

The fact  is that it is  the purchasing power of rupee that has gone down. People in those days had correspondingly  much less money with them so even those prices were considered high.

We have to realise that salaries in those days were  very low . 

I remember that the STARTING salary of a peon in the early sixties was Rs.70 , of a lower division clerk Rs.110 rupees, assistant in Central Govt.Secretariat around Rs.200, of a class two gazette officer Rs.250 rupees and of an IAS officer Rs400. This was the monthly basic pay at the start of the career.

Today a daily wages labour earns more money IN A DAY than what a young IAS officer used to earn in a FULL MONTH  in early 1960s.

So things if things were much cheaper people had less money to buy them.The Rupee was very strong in value.

But it is definitely interesting to read stories of those days and see the phenomenal purchasing power of rupee. Who will not be surprised to note that in 1949 1 Tola of gold cost Rs.87 and 8 annas,

best quality almonds at Rs 4/-per kg (seer) and high quality basmati rice at Re1.25 per seer(seer is almost equal to a kg.).

And what is interesting is that old people in those childhood days of mine used to grumble that the prices had gone up very high !! And they were right.  Things were far cheaper in 1930s. See the receipt dated  29 Sept 1931 for petrol (see photo)

. Eight imperial gallons of petrol for Rs.9ans 8 annas translates to 26 paisa a liter of petrol. And,  just as an example of how low-priced things were,  I may mention that my father purchased his first bicycle when he was in the university in 1930 for a sum of rupees 28 only and the bike was imported from England - the famous  Hercules bike.

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