The figure on rate of unflation given by the govt. is misleading. Does this mean that in general prices are rising only at ~ 7% per year currently? These analysts require some ground level lessons on getting the real rate of inflation. When the prices are near double from last years in most cases of routine daily consumable items including vegetables, is it not more than 50% even by general trading levels of prices. Where the difference goes? Traders or politicians or retailers or who?
The declaration by the RBI head that the inflation is at unacceptable levels is true and not the figures mentioned. And what exactly the govt. is doing accept saying once in a while that they have no magic wand to tackle this?
