Year | Nominal retail price (Rs per pack; weighted average for the year) | Real retail price (Rs per pack; weighted average for the year) | Premium/discount percentage relative to popular brand | |||||
Premium | Popular | Economy | Premium | Popular | Economy | Premium | Economy | |
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
2011 | 118 | 103 | 93 | 138 | 121 | 109 | 14 | −10 |
2012 | 132 | 119 | 107 | 149 | 135 | 121 | 10 | −10 |
2013 | 143 | 141 | 117 | 156 | 154 | 128 | 1 | −17 |
2014 | 155 | 145 | 125 | 164 | 154 | 133 | 7 | −14 |
2015 | 165 | 145 | 130 | 173 | 152 | 136 | 14 | −11 |
2016 | 183 | 158 | 133 | 189 | 163 | 137 | 16 | −16 |
2017 | 213 | 178 | 140 | 213 | 178 | 140 | 20 | −21 |
Percentage change | ||||||||
2011–2017 | 81% | 73% | 51% | 54% | 47% | 29% |
Note: (1) Where nominal retail prices were increased during a particular year, we calculated a weighted average retail price (in Rs per pack) for the calendar year, and (2) the real retail price (in Rs per pack) is calculated at the displayed nominal price, divided by the average CPI value of the appropriate year.