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Tamil Nadu
Savings will come down
Amutha Kannan
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The trend in prices should not continueThe difference in cost of vegetables and fruits is the highest
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— PHOTO: S. SIVA SARAVANAN
M. Jayakumar and family.
While the inflation has not literally drained the three-member Jayakumar family which has a joint income of over Rs. 50,000, it does make it worry. The Jayakumars will not be able to save as much as they used to. M. Jayakumar, university professor, has been feeling the pinch for the last six months.
Fuel prices
“Inflation can be seen in all areas. It began in a gradual way some six months ago,” he says. Their travelling expenses have risen phenomenally, thanks to the increase in fuel prices.
Nirmala Jayakumar, a lecturer, feels that even though they are buying the same quantity of commodities, the cost has gone up by at least Rs. 250, only for groceries.
“The difference in cost of vegetables and fruits is the highest. Whatever we buy in terms of food such as groceries, vegetables and fruits can be termed essential, so there is no scope for compromise in these areas.”
In addition to the household expenses, an Equated Monthly Instalment (EMI) of Rs. 12,000 on the house and some amount towards an insurance policy, form regular expenditures.
Since both of them are working, an additional expenditure is incurred in the form of a full-time maid to baby-sit their school-going daughter.
There is not much time for entertainment; hence expenses not incurred in eating out and movies are a saving factor.
Mr. Jayakumar is of the opinion that the trend in prices should not continue.
Inflation
“The Government should be able to keep growth and inflation in mind when coming up with policies. There is the Public Distribution System (PDS) for the lower classes. The upper class is not that much affected. It is the middle class that is always affected the worst.”
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