Price Increment Analysis of Some Small Indigenous Freshwater Fish Species (SIFFS) In Coastal Belts of Odisha Using Laspeyres Price Index

There has been dramatic increment of prices of different Small Indigenous Freshwater Fish Species (SIFFS) in different Coastal districts of Odisha in past years. The price curve climbs much stiffer than expected. Laspeyres price index (LPI) was used to calculate price increment and hence inflation rate for the year 2008 and 2016. It is demarcated that the inflation is rising dramatically in past seventeen years from 1999 to 2016. The base year taken for reference as 1999. Laspeyres price index in the year 2008 is 226.23 % and in the year 2016 is 560.65 % with an increase of inflation rate of 334.42 %. It indicates an increasing trend of rate of inflation year after year.