if inflation is at 7.83%, it means prices are up 7.83% compared to same week last year. any figure above 5% isn't good for India.
relentless strength in food and energy prices is causing many problems in the financial system.....personal budgets are also tremendous pressure.....i have to cut my budget on many items so that i can save more and spend less......
Just read this: India's inflation rate may be revised to 10 per cent from the latest estimate of 7.82 per cent as data for prices of different commodities is updated, London-based publication The Economist has said.
Such inflation for India would be very hard on those living below the poverty line. Granted that India had made much process in its economy, there are still a lot of poor and homeless. Such an increase would cause unrest as what we had seen in countries like Indonesia which had to cut back on subsidies.
For years we have been exporting more consumer products than importing from other countries. Our government officials have not been vigilant and have allowed China to take a strong foot hold in this country. As a result, we are losing jobs to cheap labor and open the door for China to possible hold us hostage at some point at their discretion.
The inflation is putting at lot of downward pressure on the rupee. The rate is now 42.73 to the dollar.
everything from food, basic neccessarity, petrol and energy costs are UP except our paycheck still remain the SAME
Its gone beyond control in INDIA. Indian government is helpless, eventhough its a elrection year butr they cant do much as crude price going up and up.
should do something to prevent the hedge funds to jack up the future commodities market by pouring billions into the long future contract... The average citizens is suffering from high inflation yet the profiter are getting away with it
Bad part is: it will get worse before it gets better (if it ever does). Grocery prices have been rising faster than I'd like.. gotten so I really have to cut back lately.
I guess the next focus of inflation will be on food given the drought and state of emergency in California farmland.
The US Midwest cornbelt is having record flooding and the corn hasn't been planted yet. Australia is still in a record drought and strikes continue in Argentina. To add to the woes the cylone in Burma destroyed their rice bowl and China is making record purchases of soy beans.
In Ukraine it's the same. I expect no less than 20% yearly since it's start. Already spending for food 2 times than used too Don't have a car, but gasoline here $1.2 per litre and it's for shit quality of it.
crude can jump George bush giving warning to iran on nuclear weapon matter http://www.latimes.com/news/printedition/asection/la-fg-bush12-2008jun12,0,967096.story n crude rise can make dowjones in negative territory in nite .. so don't carry any longs