Inflation, the monster

Experts have their own ways of explaining inflation. Much of those are not within the grasp of common people to make a head or tail.

Thus, rising oil prices, bad credits by US banks triggering slowing down of economy, India being still food deficient in certain sectors, India’s rising growth translating to more consumption, etc. mean nothing to the toiling masses for whom the only concern is the prices of essentials having gone beyond reach.

Just how costly it is compared to a year back can be gauged from the graphics below taken from the April 14 TT.

It is one thing to do away with the need of a second face cream for the relatively well offs, and completely another for a daily laborer to go nearly empty-handed from the local bazaar.

The price rise has been quite sudden over the past 4-5 months, and now it seems there is no respite.

Says a know-all person in our locale, “Whatever may happen over the nuclear deal the government will not dare go to polls with the inflation monster looming large.”

Looks like he has got it right. If so, we’re spared an imminent slugfest that could have taken this summer’s heat to record levels.