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Price rise a Global Phenomena
by john jacob on Apr 20, 2008 09:56 AM

I am Indian and live in USA, I am witnessing an unprecedented price rise in groceries for the last 6 months.
I have cut down a lot of my expenses due to this unprecedented price rise.
The price of petrol/gasoline is almost touching $4.0 which was $2.10 just a year ago. This price rise of commodities is hitting everybody across the world. This is mainly attributed to the diversion of crops like corn, sugarcane etc to produce biofuels in USA and other advanced countries and the war in iraq.
What I mean to say is that the present government in India is not fully responsible for the hardship caused by price rise of food products but this happening everywhere.


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