Bangalore: Its been quite some time that you have been hearing the term inflation anywhere and everywhere you go. It is no more uncommon to see the prices of almost all commodities increase from food to fuel. Undoubtedly inflation always hurts your standard of living. Rising prices means you have to pay more for the same goods and services. Inflation doesn't affect everything equally. Gas prices can double while your home loses value. And financial planning weakens. Let's have a glimpse into the miseries people from different walks of life face. M. V Viswanathan who is a managing partner for Nat fibers ( Export firm) says, "Price hike has come at all levels. Nat fibers export mats to all countries. We receive a tough competition within as well as outside the country. Due to inflation the cost of the ingredients used in manufacturing mats also increased. Intake of coir in recession hit countries like U.S. and Europe have drastically reduced. Currently it is a transition stage. If we increase the price base we will lose our customers as there are chances of them switching their buyers. We are forced to be satisfied with the shrinking margins. Price increase has definitely affected us and also the quantity shipped out. We are bearing this with some hope for a change. Coping with the situation and accepting the shrinking market is a bitter reality." According to Sharon Lopez a senior Lecturer "Inflation causes a lot of inconvenience for the common man. The whole concept of inflation is so unpredictable. The petrol prices have been hiked more than twice by the Indian government. A common finds it difficult to budget things. People hailing from the comfortable economic class won't be affected by it much. But it define hit's the common man's wallet." Talking on inflation causing a disparity between social respect and self respect, A. Sahu a media person said "Due to inflation the employers have their own hitch in raising salaries. The middle class man finds it strenuous to balance his living. Not only fuel, take a look at the gold prices. There have been talks one gold prices touching 46 thousand. The middle class man need to think twice before buying gold. The bank is increasing the interest putting common man in dilemma whether to avail a loan or not. In such a scenario it is really challenging to strike a balance between social respect and self respect." At the same time throwing light on increasing price on different commodities Neha S a housewife says,"The spending on groceries had almost doubled whereas salaries haven't gone up as much. Some of the comforts we enjoyed till yesterday are a luxury for us today. The number of eat outs, movies and weekend bash are coming down. I have to think twice or thrice before deciding to indulge in any sort of spending." Inflation also caused our homes to lose value is what Sajith a Freelance Consultant on Development issues says, "Basically all commodities are increasing. All my expenses are increasing which is not in proportion to my income.Take a look at the drastic increase in the lending rate brought by RBI in the last two years. I have to pay back for the home loan I availed. Banks either reschedule the price or revise it. At the end my annual price flow on house is gone up." Anil Kumar a selection grade lecturer says,"From food to fuel all the prices are just multiplying. Things have gone from bad to worse. We common people are hapless." Maymol Christo a HR recruiter says, "I want to buy a house, but looking at the unpredictable economy I have my own hitches whether to invest in an ongoing project or a complete project. Bank loan rates keep altering so often and this change drastically effects the real estate market. If I invest in a ongoing project we doubt whether the builders will complete the work, due to the lack of funds. And the project that is complete would definitely drain out my entire earnings." Rajib Hussain a financial analyst at Cognizant Technologies says, "There are different types of earning group like IT's, MNC and many more who have a disposable income at their end. But what remains a fact is that a majority of the Indians are into domestic job. They are severely affected because of their thin line of income. If you have a disposable income you can afford the pricey commodities." A Business Developer, Aprita Biswas says, "As an individual,price rise obviously discourages me to invest more in lifestyle products and consumables. Form the perspective of business, the operating costs goes up, again creating hiccups in the process of business growth, while customers constantly fret over spending more." If you want to Share your experience on how you have been affected by inflation. Drop in a comment or write to us at editor@siliconindia.com