I was having a conversation with some of my colleagues and the discussion on inflation came up. One of my collegue has got a lunch from his home instead of going out because he said that going out and eating is becoming costly. Then it came up that how the cost of eating out is getting high from the last few years.
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The Idly Vada Combo which used to cost around Ra 35 few years back is as high as Rs 55 and Rs 65 now I.e. around 100% increase in the last 5 years. And similarly fine dining restaurants which used to cost Rs 1.5K for 2 people has increased its price to Rs 2K to 3K which is becoming costly. And that's what is the inflation we are talking about.
Everyone wants to increase their profit or revenue and for that they have to increase their cost. Similarly people who are working their should be paid as well as their salary should be increased every year and that's why the price is also increasing for that. And don't forget the cost of other items, like groceries, transport and what not which is adding to the cost. And that's why the prices are increasing yearly.
These are small changes because you will not go out eating every day but again that's small things is adding up to a big number and that's why at the end of the month you are left with nothing. There was a report which stated that the Indian middle class Credit Card bills are increasing and that's a worrying sign. This is because when the bills are high and if the people are not able to pay then will become messy.
Keeping the expenses below income is getting hard day by day for most of the people because of inflation.
