Sunday, March 28, 2010

an unjust justification of inflation

justifying inflation seems to be a requirement for being considered economist or being looked favorably by ruling.
Here is a report that claims inflation is not so bad as claimed by some.


"Indian households database Consumer Pyramids answers why two years of high inflation did not matter to the consumers of the country, writes Mahesh Vyas.
Inflation has been high for a fairly long period of nearly two years. First, the wholesale price index had shot up in 2008-09 because of an increase in commodity prices. And then, in 2009-10, the consumer price index rose as food prices soared following an agricultural drought that curtailed domestic supplies."

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