Features: Magazine | Literary Review | Life | Metro Plus | Open Page | Education Plus | Book Review | Business | SciTech | Friday Review | Cinema Plus | Young World | Property Plus | Quest |

Focus on food

Credit availability in banks has shrunk in the past few months, leaving the common man almost empty-handed. Where is the money to chase goods?. This "supply side inflation" leads to macro-economic consequences.Food and edible oil prices shoot up. Automobiles become costlier due to the increased cost of steel. People have to wait longer to get a bike and even shell out more in EMIs, if a floating rate loan is availed of. Stock market may give moderate returns only. People will end up paying more for fuel, as rising inflation will increase oil import bills. The best option is to focus on food prices. If they come down, the perception of inflation will come down as well .

RM. Kanagu,

Tirupparankundram.

Printer friendly page  
Send this article to Friends by E-Mail