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Don look at rate of inflation
by PB on May 27, 2008 02:40 PM   Permalink

To know that the prices are rising, you don't have to look at the rate of inflation figure. If the rate of inflation is at 20% but common man gets the basic things to feed himself at a affordable price, no one is bothered. people are bothered because when you go to market to buy your monthly items, the budget has risen by at least 50% if not more. No one needs the figures read in media about the rate of inflation. I don't understand why the rate of inflation is just 8%, looking at the price rice in vegetables, rice, pulses and oil etc it should have been more. The rates quoted are mainly from wholesale market whereas the fact is that people buy it from retailer not wholesaler and the price at the retailer should be taken into consideration

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The above message is part of the Discussion Board:
Inflation: Govt needs to be less panicky