This is lie.
by Minto on Apr 05, 2008 01:12 AM Permalink | Hide replies

Prices of everything has gone up 30 to 70 percent and these guys are telling us that inflation is 7 percent. Where do these guys live?

Forward | Report abuse

RE:This is lie.
by Chander Malik on Apr 05, 2008 04:53 AM Permalink
Inflation is not measured by few good price hike. Its an average of some goods index.

Forward | Report abuse

RE:This is lie.
by omkar kale on Apr 05, 2008 09:40 AM Permalink
This from a middle class person's point of view(leaves in Mumbai):

1 yr before Rs. 6000 were enough for four members family to maintain a good STD when sal. sal was around 9000/month

Now Rs.7500 needs to maintain that same good STD & sal. is 10500/month

how inflation can be called 7 percent only???

Forward | Report abuse

RE:This is lie.
by Shiva on Apr 05, 2008 11:10 AM Permalink
Inflation is based on Wholesale price and not retail price.

Regards,

Shiva

Forward | Report abuse

RE:RE:This is lie.
by Shiva on Apr 05, 2008 11:11 AM Permalink
It also depends on weightage.

For example agri commodities are given only 3% weightage. Whereas Steel, Cement and Oil are given more weightage.

Regards,

Shiva

Forward | Report abuse

RE:This is lie.
by innocent on Apr 05, 2008 05:14 PM Permalink
hi all, no one really knows what is thesenumber and you guys are seriously discussing. hahahahha. it is a convenient tool in administration to manipulate it. now it is beyond any one control so the number is increasing.

Forward | Report abuse