It is a well known fact that inflation gets hidden in the number crunchings, and gets lost whn applied to the common man. If we truly fcator in the effects of all items, foods, energy, transport costs, gas prices, rents, medical , education, health maintenance, there surely is guaranteed rise in inflation, due to interest rises, and the increases in the monthly mortgages, insurances etc. To blame this one person, is rather mean spirited, and if at all, the entire blae should fall on the high priests at FM and RBI etc. They call the shots, and they should recognize the plight of the common man, struggling wth expenses. With gradual slowing down,tere is good chance that we could bring in some sanity. The rich are certainly going to get richer by leaps and bounds, and the poor and the middle class will feel and suffer the squeezes. Best policy is to save, come what may, and not to succumb to the vagaries and unwanted luxuries, and restrict to the essentials, DO NOT play the markets, then only will the powers realize the futility of charging enormous usury interest rates. Stay away from CREDIT CARD debts. There is no easy money out there.!!! Look over and study the fine prints before signing any financial documents. Let us gird ourselves for bekt tightening. Have courage, and will get through this phase also.
RE:Inflation at GRASS ROOTS
by vivek shankar on Apr 03, 2007 09:38 AM Permalink
Inflation occurs due to economic growth Mr Krishnan....the RBI and the FM can only hope to curb it.Hence the interest rates have increased.Reducing spending on credit cards isnt going to help curb inflation or fight it from an individuals perspective
