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Hello friends, how are you all?? Wishing you happy and prosperous life ahead...
Inflation might be something that not many people can understand. Yet, we all experience it and feel its effects. When you go out to the store expecting to spend a budgeted amount of money on something,but you always spend more than you thought, you鈥檝e experienced inflation. Of course, when a price rises on a product it鈥檚 not always due to inflation. Yes inflation affects your cost of our living by increasing the cost of goods and services everytime. Even I must that value of currency is falling, in future everyone going to face wealth struggle with inflation.
Inflation is not of today, it is increasing every year, gas cylinder, vegetables, daily Essential items everything has become expensive, And when the festival season is going on in India, then it becomes even more difficult to get the goods with tight hands.
The annual inflation rate in India edged higher to 5.69% in December 2023 from 5.55% in November, below market forecasts of 5.87%. It is the highest rate in four months, with food inflation rising to 9.5% from 8.7%.
Today I went to the market to buy vegetables, the prices of the vegetables were increased, whereas vegetables don't look fresh, I was not able to understand which vegetable to take and which not to take, my budget for vegetables was only $12 but I had to buy vegetables for two days at once.This is a small example of vegetables that I have shown you. One has to think even before buying such basic essentials.Even if inflation skyrockets in the future, we don't know what people will eat and what they will be able to save?
Inflation has increased a lot, the most expensive are food items like oil, spices, pulse, grains etc even the price of Gas cylinder also spike. The monthly grocery bills which used to be $120 few months ago, has now reached $180 and by increasing it every month, it has become much more. This is a daily necessity whose price keeps increasing daily. At least the government should stop it. It has become very difficult for us middle class people.
Inflation is increasing along with increasing taxes on everything like water taxes, house taxes etc which is another problem for us common people. That's why nowadays people are running more towards passive income. Every person wants to work hard so that he can enjoy a basic life. That's why nowadays people believe more in savings and investment but it is not possible, that is why so many apps giving loans and credit amount which trouble more.
When I go to the market, I make a list of essential items for my kitchen. There is an idea in my mind that it will Such amount, but the cost is always more than that. It means everytime I buys goods which cost higher price than before. I must say inflation affects every one, Yes the bread i bought yesterday at rs 35 and now it is rs40, the cost of items are increasing every month, it is difficult for us to buy essential items according to our budget
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