Real Inflation Situation vs what media reports
The retail inflation rate in wheat has doubled to 17.61% in Oct from 9.59% in April, despite the export ban imposed in May.
Rice inflation has doubled to 10.21% from almost 4% in Apr; this is hurting the poor man.
On other hand we have business media reporting inflation has reduced and things are looking up.
I appreciated this survey by the circle on vegetable prices as it was super honest no sugar coating.
https://www.localcircles.com/a/press/page/vegetable-price-inflation-survey
Can LocalCircles please do a survey to quantify the real situation on food grains and the squeeze. more
Rice inflation has doubled to 10.21% from almost 4% in Apr; this is hurting the poor man.
On other hand we have business media reporting inflation has reduced and things are looking up.
I appreciated this survey by the circle on vegetable prices as it was super honest no sugar coating.
https://www.localcircles.com/a/press/page/vegetable-price-inflation-survey
Can LocalCircles please do a survey to quantify the real situation on food grains and the squeeze. more
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I think the Real Inflation for a House Hold Expenses have Increased by More then 10 % if your compare with a year back Expenses. more
Nov 28
I have not been affected by change, if any, in the prices of Rice and wheat as these items aren’t purchased by me during last 3 months. However, I have heard from someone that price of Rice has changed. Since both are staple foods , the inflation must be controlled and if possible prices must be kept stable. more
Nov 17
There is something wrong about inflation calculation; - Transport changed [Air travel-representing about 5% -only travelers on average]. Major cities-vegetables might have changed [but not in Hyderabad, many places].2. Bus and taxation changed last year. Rice still commands same price. We have food stocks to contain more than 15 months from now on.3. Pulses is increasing at 10%.4. Cloth is from old stocks,they are selling at as possible prices.5. The center is issuing food subsidy for the weaker sections. 6.They have unnecessarily increased-Land, construction cost. It do not mean except for cement and steel [dependent on electrical energy consumption [states have to see] is costing more]. 7.Never before in history, the Legislative members are directly in business of construction as of now. That they are choosing to send wrong signals across world is /can be seen. 8.India still is preferred best place for living of masses. No migration is expected from any place in India. more
Nov 17
