I was having a bite in the canteen when it came to me that inflation soared to 7%. Bapre!!! was the only word i could utter. While inflation is at 3 years high, we all fear CRR hike by RBI. But a common man is always and will continue to suffer unless strong measures are taken. Consumer prices are hurting a poor, The government has already scrapped import duties on cooking oils and maize, extended a ban on pulse exports and on Friday stopped export incentives on basmati rice to boost local supplies after earlier banning non-basmati exports as a fighting measure. But anyways these measures are not enough to help a common man at grass root level.
I would like to add my last point here, how inflation is calculated :
The inflation rate is worked out from Consumer Price Index values (CPI). The CPI is calculated from the weighted prices of several groups of articles of consumption like food items, machinery, chemicals, metals, building construction material, etc. The inflation rate is the percentage increase or decrease in the values of CPI at a specified time interval.
Anyways this was only an update, and lets get back to our old topic. I am writing new post on a topic from QA - Functions & Graphs.
No comments:
Post a Comment