India's annual inflation rate rises to 7.52% in November 2013
This article talks about inflation rate and how
prices change in India. Many good and services prices have gone up, but some
goods and services have gone down. People now have to pay more compared to what
they had to before inflation. People don't have enough money to purchase what they need/want which hurts the economy. This is the fifth consecutive month that
inflation rate increased; it might continue to go up. India’s economy is hurt
because India has to pay more for imports. India Rupee’s value isn’t that high
comparing to other countries’ currency values. India had to fly tons of gold to
Europe to get an emergency loan a few months ago. As we can see, India’s
economy is collapsing quite quickly. At this rate, India might even have to
revalue the Rupee.
I think that it is dumb that in country where the majority of the civilians make poverty level income, that the wages can not keep up with the rising inflation. The families affected will not be able to afford simple necessities anymore.
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