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Inflation - Who is responsible??

Anuradha IF-Sizzlerz
Anuradha
Anuradha

Joined: 29 October 2005
Posts: 16330

Posted: 20 June 2008 at 4:12am | IP Logged
Hi All

Today the inflation has gone upto 11.05 Ouch For the past few months inflation has been too high and the public is suffering a lot... Today it was shown in one of the news channel that one KG of tomato costs 100 Rs Confused Petrol, Diesel, LPG, Oil prices have been increased.. Not only that, due to all this, the day to day grocery prices have also been increased and all this is affecting the sensex.. The sensex has dropped to 350 points Ouch  The worst sufferers are the daily wages workers..

So, who do you think is responsible for this inflation?? Do you think it is just temporary problem and that everything will be back to normal??

The government of India has almost given it up.. The Prime Minister is the former governor of RBI, yet nothing is working in order.. Is it the fault of the government?? If so, what do you think the people must take as an immediate step?? Can we as normal public do something to reduce the inflation??

Please do share your views too on this...

The following 7 member(s) liked the above post:

vijay~~*Anjali*~~Mitesh.Pk-ekta fanLeadNitrateraj5000-misha

raj5000 IF-Sizzlerz
raj5000
raj5000

Joined: 01 January 2006
Posts: 11838

Posted: 20 June 2008 at 8:30am | IP Logged
Economists who want to make dollar strong and yes, ofcourse the wall streetTongue
AmritaRao-Nina IF-Sizzlerz

Joined: 27 September 2006
Posts: 24166

Posted: 20 June 2008 at 9:09am | IP Logged
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Sara_DONT_ASK IF-Stunnerz
Sara_DONT_ASK
Sara_DONT_ASK

Joined: 15 August 2005
Posts: 28451

Posted: 20 June 2008 at 9:31am | IP Logged
I will post my argument in a while.... Tongue
*Dakoo_Minzy* IF-Sizzlerz
*Dakoo_Minzy*
*Dakoo_Minzy*

Joined: 16 October 2006
Posts: 16020

Posted: 20 June 2008 at 9:51am | IP Logged
Its such a serious problm! Ouch

hopefullyy the Govnt we elected will sort out the matter the soonest for the best of the country!


Edited by *Dakoo_Minzy* - 21 June 2008 at 2:08am
Ambrosia IF-Sizzlerz
Ambrosia
Ambrosia

Joined: 05 August 2005
Posts: 18350

Posted: 20 June 2008 at 10:19am | IP Logged

Inflation is taking place because the demand for goods are rising. People get higher wages so they spent more rather save. Inflation is one of the most common economical problem, the prices of goods keep going up and down.

Thus, I feel the problem will be solved soon.

AmritaRao-Nina IF-Sizzlerz

Joined: 27 September 2006
Posts: 24166

Posted: 20 June 2008 at 10:54am | IP Logged
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Sara_DONT_ASK IF-Stunnerz
Sara_DONT_ASK
Sara_DONT_ASK

Joined: 15 August 2005
Posts: 28451

Posted: 20 June 2008 at 11:22am | IP Logged
^^I was about to post this... LOL LOL LOL

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