HOME
NATION
NATION (OPINION)
BUSINESS & ECONOMY
INTERNATIONAL
SCIENCE & TECHNOLOGY
ENTERTAINMENT
LIFESTYLE & FASHION
SPORTS
TRAVEL
NATION
NATION (OPINION)
BUSINESS & ECONOMYINTERNATIONAL
SCIENCE & TECHNOLOGY
ENTERTAINMENT
LIFESTYLE & FASHION
SPORTS
TRAVEL
MORE STORIES President assures Leh of help, praises army Government may press panic button on Kashmir: BJP Digvijay objects to Chidambaram's saffron terror remarks Rubabuddin charges Modi with contempt of apex court Have to consider options to save question hour: Ansari US Open: Sania Mirza's run ends in women's singles Third generation mobile services to hit the markets soon Secrets of Asia's first global city Pakistani Taliban added to US terror list US hostage crisis ends as gunman shot dead
© 2008-2010 Dmanewsdesk.com
- All Rights Reserved.
- All Rights Reserved.
However....the poor continue to pay inflation tax
November 24, 2009
New Delhi, (DMA Newsdesk): The country is reeling under the impact of steep rise in a number of food items pummelled by a supply crunch in staple items such as potatoes, cereals and pulses.
Official data shows that wholesale prices of food articles have grown by about 14.55 per cent this year.
High inflation is often referred to as tax on poor as it contributing to fatter household bills without a rise in income.
On an average, the price of vegetables have increased by nearly 55 per cent since March this year.
Experts say the rise in price for potatoes and onions is a temporary phenomenon and the prices would start easing within a few weeks time.
“Though the high prices may continue for some time, it will not be a prolonged affair,” S Bhonde, additional director of the Nasik-based National Horticultural Research and Development Foundation told Hindustan Times.
“The softening of price for potatoes and onions may begin by the end of next week itself as the new harvest is making way towards the market.”
Official data shows that wholesale prices of food articles have grown by about 14.55 per cent this year.
High inflation is often referred to as tax on poor as it contributing to fatter household bills without a rise in income.
On an average, the price of vegetables have increased by nearly 55 per cent since March this year.
Experts say the rise in price for potatoes and onions is a temporary phenomenon and the prices would start easing within a few weeks time.
“Though the high prices may continue for some time, it will not be a prolonged affair,” S Bhonde, additional director of the Nasik-based National Horticultural Research and Development Foundation told Hindustan Times.
“The softening of price for potatoes and onions may begin by the end of next week itself as the new harvest is making way towards the market.”
Business & Economy
However....the poor continue to pay inflation tax
Manmohan rolls out red carpet for American investors
Gold set to glitter over Rs 18,000 soon
Amended notice to Reliance Industries on insider trading
India unveils ambitious solar power mission
Manufacturing sector showing stronger signs of recovery due to stimulus: CII
BJP wants Liberhan probe into Babri demolition in parliament
Rs.7,266-cr package insufficient for Bundelkhand: Mulayam
Sachin not a loyal Maharashtrian: Shiv Sena
Discounts for disabled in Himachal government-run hotels
India seeks Obama's reaffirmation of nuclear deal: Manmohan Singh
Five criminal cases filed in Orissa over illegal mining
Pay just Rs 19 for portability
Government backtracks on sugarcane pricing, opposition satisfied
Oprah Winfrey brings curtain down on her talk show
Online Indian shoppers spent $2,000 on average last year
Bundelkhand gets Rs.7,266 crore drought relief package
Six women in the Forbes India rich list
Cabinet approves National Solar Mission
Six out of eight Indian carriers post losses: Patel
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
