10 Essential Commodities that Registered a Price Hike


Bangalore: While struggling to control inflation through monetary policy, the government sees no problem in allowing market to increase the price of essential commodities. With the mounting prices from food to fuel many of us feel that we are falling in a pool created by the U.S. Though we see people outrage against the government on the unjustified price hike, do things change? People have to accept the reality and live life on a shoe string budget. Let's take a look at few essential commodities that have registered an increase in the price. Fuel
10 Essential Commodities that Registered a Price Hike
The fuel price hike is of greater concern. The latest hike, by more than 3 per liter, comes on top of the two substantial increases earlier this year. Although diesel price is still regulated, and remains unchanged for now, the repeated increases in the price of petrol have placed an enormous burden on the lower and middle income classes. If we have a petrol price increase, the next day we notice a rate hike. This has decelerated the auto industry.