Inflation . Rava Dosa & Kaapi

Indian inflation at its all time high and is heading towards 13 % . Prices of food, oil ,steel and cement , the prime movers of any industry & the key indicators of any robust economy have hit their all time high.

Oil first crossed the magic number of $100 a barrel and now hovering at a little over $145 a barrel . It was exactly at 1/3 a little 5 years back.

I had been recently to a jewel shop along with my friend & was surprised only to find it packed to its full. I also happen to visit a revenue sub registrars office and the place was swarming with its usual crowd , touts & brokers. The day I visited around 9 properties in the range of 50 – 90 lacs got registered.

Recently one of the leading realty promoter came with big ticket investments costing up ward of 1 crore for a 3 BHK apartment and another in the range of 15 crores for an high end condo. I also got to know that majority of these got booked in the first 10 days.

RBIhad increases its Prime lending rate upwards, PC in his Endeavour too increased the excise duty on the automobiles , in an attempt to put a brake ont he inflation. This coupled with high interest rate coupled with excise increase and the spiraling fuel could have only painted a grey picture fro the auto industry , but then the auto industry too fared pretty well last month

In actual terms , we see only the demand – supply equation perfectly well & its gonna be n exclusive growth , with the below poverty line crowd bearing the major brunt.

The fact is the crisis could have been still worse.,with the US economic slowdown & possible spillover to the developing economies. India has manged to remain greatly unaffected,owing to its nascent credit/ derivative markets and a good regulated securities trading.

Well whatever the case may be I could say , I too had been victimized in the present schem of things. , For what I got for 20 bucks ( 1 Onion Rava Dosa & a Coffee ) once upon a time ( 2 weeks back.....) , I have started paying up 22.50 ! !