Inflation et all
The entire media is on the inflation-deflation band wagon, desperately trying to convince everyone that happy days are here again because we no longer have inflation to cope with. Who the hell is concerned about inflation or its cousins, deflation or desflation or whatever else the economists and their favored media may chose to call it? How is the public at large, the Aam Aadmi affected by this about turn in the fate of Inflation, long touted as their biggest Woe? Despite the fall in inflation, there is no respite in the prices of anything to do with everyday living, the prices of onions, tomatoes, roti, milk or fruits. This is the season for those who do, to stock up a year’s supply of wheat and spices. But are the prices reflecting the harvest or the supposed death of inflation? No restaurant or multiplex or even a vegetable lari has cut its rates. On the other hand, a startling 5.5% interest rate has been announced for the more expensive range of cars in the market. Are the peo...