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Taming the inflation dragon
The inflation rate has zoomed to exorbitant levels in recent weeks. The Centre announced a slew of measures, from slashing the import duty on edible oil to imposing a ban on exports on some commodities. The common man has been affected drastically following the steep hike in the prices of essential commodities.
Commodities
Rates (for 100 kg)
Toor dal
Rs 4,350
Urad dal
Rs 3,850
Moong dal
Rs 3,700
Gram dal
Rs 2,900
Sugar
Rs 1,540
Wheat
Rs 1,500
Chilli
Rs 4207
Maida (90 kg)
Rs 1,450
Groundnut oil
Rs 76 per kg
Sooji (90 kg)
Rs 1,550
'Inflation unacceptably high'
The level of inflation rate is unacceptable to us and it is higher than our tolerance limit, says RBI Governor Y.V. Reddy.
Price rise shock
The Central government's anti-inflationary measures are expected to give desired results shortly.
The Hunger Tsunami
The world has only 4-5 million tonnes of cereal stocks, and that can feed the planetís population for only 8-12 weeks.
What's you say?
What must the government do to contain inflation rate?
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