Phenomenal Rising of Prices - # of hungry ones exceed 1 bn!
Of late, it looks like this is one of the topics focussed in Indian media. Many reasons are cited - inflation, salary increases, traders' usual pathukkal gimmicks, on-line trading (speculative pricing being one aspect) and why, even the use of ethanol for fuel in NA. We also read about the helplessness of political powers and often attempts to divert the attention of the public from where really the problem lies. Some politicians even went on record to state that increase in prices won't hurt if there's corresponding increase in wages as well:-)
What are the facts? Are prices escalating? If so, what are the reasons and whether it's good or bad for the country's economy? Where it will lead to?