As no mathematician, scientist or a psychologist can tell you how painful it is to apart from your lover; same way it is harder to measure inflation in our country. People now say that there is no difference between the speed of light and inflation. All those measures, equations and standards with which we used to ascertain the level of inflation are now obsolete. Good times, cheap things are just now a dream.
In old times, when people use to sit together they use to reminiscent their old times and would sigh how things were easy to buy. People then could spend less and could purchase more. And now you have to give more money to buy few things.
Due to current high inflation, corruption and mismanagement of resources, people think that the time of British Empire was better than this. Because in British era, law was equally deployed over whole the society irrespective of who breached the law. There was no such breach of law or corruption during British’s government over sub-continent.
And now just go into the market and you will observe same product is being sold on different prices. Leave all, just consider the example of Milk. Though government has fixed the price of per liter of milk but you will never be able to purchase it on the government’s rate. It will always be sold on higher price than that of government’s set price. Same is the case of meat and poultry products. You will find the shopkeeper is the final authority to set the price and you have no choice but to purchase on his terms.
Such complaints are being made everywhere but nowhere can we feel the government’s writ. Nowhere have we seen government taking action against the shopkeepers for charging high prices. Economists say that when demand is high and supply is short then price will get high. But here, in our country, the problem is not of supply-demand equation but of mismanagement.
Big shopkeepers and hoarders first stock all the products and create a artificial shortage of commodity articles. After dumping all the wheat, sugar, cotton- list is long- they will then introduce back into market with higher prices.
Each year after Budget we see that prices of all the goods are increased. As it common practice that each year budget is announced and its also a universal truth that government will raise the prices so big stockists stock products one month before. And soon after the budget they charge higher price even though they had bought it a lower price.
It is still possible that prices can be brought down if government take stern actions but the question is who will bell the cat?
Shortage of electricity, law and order situation, devaluation of rupee, corruption, increase in the government expenditure, terms and conditions of international loaners are all the reasons that inflation is getting higher and higher and its just the poor who is asked to sacrifice and he is the only who is suffering most.