Friday, June 6, 2008

Higher inflation rate

Inflation rate is climbing higher and higher. This is causing greater problems to Indian middle class family. The higher inflation rate has caused price hike of many commodities. The hike in the crude oil price globally has influenced the inflation rate to a greater extent. But what is more bothering is not only the petrol and diesel prices have gone up but also other products prices have also gone up. The petrol and diesel price hike has indirectly increased the prices of the other products. Even vegetables, fruits and other edible items have higher price rates. Many experts say that that this scenario will continue for some more months, but the general public is already feeling the heat out of this issue. What is more important is that the government should take appropriate steps to control the inflation rate. If this continues then the survival of Indian middle class family will become very difficult in this country.

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