When I opened the News paper today morning I was shocked by reading the headline on the cover page. It reads "India facing Negative Inflation after 30 years". Now WTH is this?? Though I totally understand the concept of Inflation which means the percentage difference between the rise in price of any commodity over a period of time but for a layman Inflation basically means – "Mahangai suchkank" or "Expense index" i.e. how much he can now buy with the same money....In last one year or so rates of every possible commodity has shoot up like anything. To be very particular if we consider the prices of edibles only we can see the huge difference....they have gone up by up to an extent of 50%. I will just quote the price of some pulses....if I remember correctly I kg of pulse cost me some 40 odd Rs one year back and now the same thing I get at around 60....now what the hell is this. And they are saying we are witnessing DEFLATION.
I don’t want to get in to the technical details...my only concern is - are these facts and figures which are communicated to US are really true?? I have a big doubt on this!!!!!
P.S. – I am not raising any finger against the credibility of our government, but this is the obvious reaction which came to my mind after reading this Deflation term.
P.P.S – (not on the same topic) Yesterday Federer posted his photograph in new Wimbledon stadium. And it looked awesome. Gosh!!! Don’t I love Wimbledon? :)