Inflation is the hot word in India as far now. Every week people switch on their TV sets to see the inflation rate. For the past few months the inflation rate in India has doubled because of the increase in global crude oil rate. When we compare the inflation rate of March with July we can clearly see that it has doubled. Now the inflation rate is more than 11%. Usually this inflation rate will be announced on Friday but now the inflation rate will be published on Thursday itself after 1700hrs.
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very good blog, congratulations
regard from Reus Catalonia Europe
thank you
The oil prices are artificially increased mainly due to speculations.. In the recent trend, there is no tremendous increase in oil need, but prices tripled.. That's pure gamble by oil producing nations. All countries except few are feeling the inflation of heat., India is not the one to escape.. To beat this inflation, oil imports must be reduced, power gen must be increased, agri output must be increased.. Also there is a need for financial reforms to overcome this tide..
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