Inflation is the demon that reduces the purchasing power of money. In the week ended December 30, 2006, inflation stood at 5.58 per cent.
In simple terms this means that prices of goods and services is on the rise. Steep rise.
Thus you find that prices of food articles, fuel, manufactured products and services are all costing more than they did earlier. And this makes a big hole in your pocket, sending your household budget for a toss.
So how are you dealing with the sudden spurt in the prices of essential goods, fuel, etc? Do you feel the pinch of high prices? Does your household budget account for inflation?
Is the government doing enough to control price rise? In any case, what do you think should be done to check price rise?
Tell us what you think and share your comments with our readers.