Thursday, June 26, 2008

Impact of inflation on the common man

The Businessline presents evidence that even as headline inflation figures have touched a 26 year high of 11.05%, the real impact on the common man may be much smaller. By segregating only those products directly consumed by the common man from the basket of 435 commodities in the WPI, they find that the inflation for the 'aam admi' is only 7.1%. These products have a 26.32% weightage in the WPI index, and their contribution to the overall inflation is only 17%.



Interestingly, the inflation figures are negative for pulses, vegetables and drugs/medicines, and zero or negligible for kerosene and electricity. It is only fruits, edible oils and liquefied petroleum gas that have recorded double-digit rates. These trends are replicated at the retail level too.

It is oil, both petroleum and edible oils, iron and steel, which are the drivers of this runaway inflation. Petro-products, with a combined weightage of 6.99 in the WPI, have caused 16.11 per cent of the overall inflation. The edible oil complex (having a total 6.84 per cent weightage, inclusive of oilseeds and oilcakes) has likewise contributed 14.7 per cent and iron & steel (3.64 per cent weightage) another 10.93 per cent.

There are two observations in this context. One, while we can take some comfort from the fact that the direct impact on the common man may be much smaller, it may not remain so for long. The higher iron & steel, and especially petroleum prices may soon start making their impact felt on the commodities directly consumed by the common man.

Second, it is interesting that the foodgrain inflation in India has remained under control, albeit temporarily, as compared to rest of the world, and especially our neighbours. Is it because the Government has been more aggressive in its intervention with price controls, export bans and controls, and freeing up of imports in selected commodities? Have these measures had the impact of anchoring inflation expectations and containing practices like hoarding which are natural response at such times, and which are also significant contributors towards inflationary pressures?

1 comment:

sexy said...

情趣用品,情趣用品,情趣用品,情趣用品,情趣,情趣,情趣,情趣,按摩棒,跳蛋,充氣娃娃,情境坊歡愉用品,情趣用品,情人節禮物,情惑用品性易購

免費A片,AV女優,美女視訊,情色交友,免費AV,色情網站,辣妹視訊,美女交友,色情影片,成人影片,成人網站,A片,H漫,18成人,成人圖片,成人漫畫,情色網,日本A片,免費A片下載,性愛

A片,色情,成人,做愛,情色文學,A片下載,色情遊戲,色情影片,色情聊天室,情色電影,免費視訊,免費視訊聊天,免費視訊聊天室,一葉情貼圖片區,情色,情色視訊,免費成人影片,視訊交友,視訊聊天,視訊聊天室,言情小說,愛情小說,AIO,AV片,A漫,av dvd,聊天室,自拍,情色論壇,視訊美女,AV成人網,色情A片,SEX

情趣用品,A片,免費A片,AV女優,美女視訊,情色交友,色情網站,免費AV,辣妹視訊,美女交友,色情影片,成人網站,H漫,18成人,成人圖片,成人漫畫,成人影片,情色網


情趣用品,A片,免費A片,日本A片,A片下載,線上A片,成人電影,嘟嘟成人網,成人,成人貼圖,成人交友,成人圖片,18成人,成人小說,成人圖片區,微風成人區,成人文章,成人影城,情色,情色貼圖,色情聊天室,情色視訊,情色文學,色情小說,情色小說,臺灣情色網,色情,情色電影,色情遊戲,嘟嘟情人色網,麗的色遊戲,情色論壇,色情網站,一葉情貼圖片區,做愛,性愛,美女視訊,辣妹視訊,視訊聊天室,視訊交友網,免費視訊聊天,美女交友,做愛影片

av,情趣用品,a片,成人電影,微風成人,嘟嘟成人網,成人,成人貼圖,成人交友,成人圖片,18成人,成人小說,成人圖片區,成人文章,成人影城,愛情公寓,情色,情色貼圖,色情聊天室,情色視訊,情色文學,色情小說,情色小說,色情,寄情築園小遊戲,情色電影,aio,av女優,AV,免費A片,日本a片,美女視訊,辣妹視訊,聊天室,美女交友,成人光碟

情趣用品.A片,情色,情色貼圖,色情聊天室,情色視訊,情色文學,色情小說,情色小說,色情,寄情築園小遊戲,情色電影,色情遊戲,色情網站,聊天室,ut聊天室,豆豆聊天室,美女視訊,辣妹視訊,視訊聊天室,視訊交友網,免費視訊聊天,免費A片,日本a片,a片下載,線上a片,av女優,av,成人電影,成人,成人貼圖,成人交友,成人圖片,18成人,成人小說,成人圖片區,成人文章,成人影城,成人網站,自拍,尋夢園聊天室