Inflation: A Mystery

The annual inflation based on the ‘WPI’ stands out at around 10% as on Feb 2010. This number includes variation in prices of food and non-food items, and is estimated to be highest in the last 16 months. On the other hand the annual food inflation stood daunting at around 17%. Pulses became dearer by 32.6 per cent, milk by 21.12 per cent, fruits 14.95 and wheat by 13.34 per cent.

Our government is not surprised at all. Mr. Mukherjee the esteemed FM said, “When I took over as finance minister the inflation was at 17 percent. When our Prime Minister Manmohan Singh had taken over as finance minister during 1993, the inflation had touched 16 percent and when Indira Gandhi had taken over as prime minister the inflation had crossed 21 percent". Also the PM is holding meetings with the CMs to rein in inflation, most of who are unqualified and have a glorified criminal background.

It’s very painful to see the political correctness of our leaders. These ‘Manipulative Bitches” keeps on publishing historical data & future agendas to create an impression that all they care about is common man. On a contrary they are far beyond of the perception they have created.

As far as I remember, I’m paying almost double the prices for all the necessities as compared to the prices five to six years back. Let alone the impact of inflation on the investment earnings, the disposal purchasing power of the so called common man is on a negative growth. Neither do I understand fiscal policies, nor the economic growth. All I understand is the high prices are drilling a hole in everyone’s savings and the disposable income is not able to keep up with it.