Prices are rising day by day. I think no day is passing when the price of atleast one item is not increasing. If one day the price of vegetables rises, then on second day price of daily usable things go high. This hike doesn’t stop in this way. On third day, the price of automobiles increases while on the fourth day, the petrol price increases. Everyday, you can hear rise in the cost of one thing or another. What I mean to say is that the costs of all the commodities are increasing on all 7 days of week, 30 days of month and 365 days of a year.
Now the question is that how a middle class family will survive in this era of inflation. I think no one knows the answer of this question.
Recently on 15 Jan 2011, Indian government increased the price of Petrol and Oil in almost all parts of India. The strange thing is that on 15 of December, just one month before 15 January, the prices were raised by 3 rupees on fuel per liter and this time again; it has increased up by 2.54 rupees per liter. It is also the seven times increase of the cost of petrol that was in October 2010. Oil companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum are earning a lot due to this hike.
This time also the news is about price hikes of cars. Now if you are going to buy a new car, you have to pay more money from your pocket.
According to the companies, due to the increase in price of rubber, copper and steel; they have to increase the prices of the cars too. The price of Maruti Suzuki has been increased by 1000 to 8000 except the model Alto K10. General Motors have increased the cost by 2500 to 15000, Tata Motors from 3k to 15000, Mahindra & Mahindra from 4000 to 11500, whereas Hyundai’s cars have become expensive by 1.5 percent.
I don’t know what will happen in next coming years if inflation will continue to grow by this rate only.