While the govt and rbi are going to announce their monetary policy interest rates, what is the common man doing to tame the inflation.
A common man is an ordinary person whose agenda is to minimise his expenses and save on the precious money that he brings home once in a month.
So, with his experience and common sense, he also tries to keep his personal economy in good condition.
The common mans first and foremost recation to commodities that become dearer like tomatoes in today’s context are foregone.
He shifts to other options where he can buy with in his budget and replace the item on the outward spiral.
These inflation cycles repeat themselves. Today, there is steep rise in the prices. So, they may stabilise at the same rate or may go down in some time. A common man like me has to wait and watch!
After the tomatoes story, I am hearing the prices of other essential commodities like pulses, rice and also going up.
So, what do you think ? Is it the sudden shrink in the supply of commodities to the market or something else.
You see the markets don’t just function on realities. Markets are subject to a lot of speculations. Right now, the sentiments in the markets are negative. It means that the probability of prices going further up is trending.
This may not be the reality. Because we have received adequate amount of rains. The sowing has been delayed but it has started and going on very well.
In the meantime, the transportation system is also returning to normal. Due to this normalisation, the goods are reaching their destinations timely.
So, in times of chaos, the markets get filled with speculators who push the prices to the other extremes. But, we as common man need not worry.
