We have been using adage “Sky is the limit” many times But looking at the current prices of vegetables or food basket this adage needs an amendment to “heaven is the limit” as the prices of staple food items dosen;t seems to be coming down in the very immediate future. Prices of staple items like potatoes, onions and pulses are sky rocketing as a result the food inflation rose to 14.55 per cent in the first week of November. On a weekly basis, inflation rose 0.87 percentage points from 13.68 per cent.
If we have an yearly comparison of the commodities prices of potatoes shot up by 102.47 per cent, onions by 38.24 per cent and pulses by 27.03 per cent. Experts feel that prices of food items will continue to remain at an elevated level unless there is a bumper rabi crop.
There is virtually nothing from the food basked that is showing a declining trend in terms of pricing on a yearly basis.
Rice appreciated by 11.65 per cent, wheat by 12.60 per cent and milk by 11.29 per cent. However, on the weekly basis, poultry chicken and fruits & vegetables became cheaper by one per cent each. Some analyst believes that the inflation is because of bad monsoon earlier and things will not improve till a bumper rabi crop is harvested. (Refer How Monsoon can affect my country)
With price of commodities rising with each passing day the household budgets are getting crashed and common people are forced to compromise on many things to maintain there budget within there limits. Fruits, green vegetables and pulses are a passé for poor people, If my brothers and sisters don’t eat a proper diet, how my country will grow? Because growth of a country also depend on healthy workforce. This is a big question for which we should seek a solution.
Nice and Very deep observation and analysis.
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