The newspapers are full of it. The TV channels are showing nothing else. I speak of inflation which is hitting the Indian economy. Here are more details of inflation and what it means. Inflation, in India, reports proclaim is at its highest in the last 13 years!
Earlier estimates that it would stabilize around 7.5 % – 8 % have been tossed out of the window. It looks like inflation has zoomed to be in the region of 11.0 to 11.5 %.
I find from NDTV Profit that pundits predict that It is likely to stay that way for the next few months. One expert said that the earliest things may improve could well be March 2009 – that’s about 10 months away.
How do we brace ourselves to meet the increasing costs and the reduced purchasing power of our rupee? Here are my 7 Steps to Counter Inflation: