Post by jeffolie on Aug 21, 2013 14:32:58 GMT -6
my Politics Matters features that inflation is a govt action, decision regarding various money actions such as currency massive printing, labor laws, ownership of industries, etc.
My Politics Matters features that a very large population of young men go hungry enough to feature food riots, setting themselves on fire in protest of food prices ... then revolutions and collapses of govt become dramatically higher
India now features both a huge cohort of young men and Getting Out of Control food prices ... India risks for revolution or collapse of their govt now exists at a high level
India may risk going to war with Pakistan to distract the masses
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Indian Food Inflation Is Getting Out Of Control
Aug. 19, 2013
Vegetable prices in India spiked 46.59% in July year over year, another ugly bullet point in the country's persistent struggle with massive food inflation.
In particular, the onion — a staple vegetable whose rising prices have dogged ruling parties in the past — saw a particularly dramatic jump. From Mint:
Across cities, onion prices are hovering at anywhere between Rs.50 and Rs.80 a kilo, nearly double last month’s levels. The latest wholesale price index (WPI) numbers released on Wednesday show that onion prices rose 144% in July over the year-ago period, after a similar increase in the previous month. Since January, onion price levels have been nearly double what they were a year ago.
July's heavy rains damaged vegetable crops in areas of the country and contributed to the price hike, according to the Wall Street Journal.
And India has already lost hundreds of billions of dollars due to inflation in the past few years. Of course, the country's poor population, which spends the lion's share of income on food, has been hit hardest.
India's central bank has cut interest rates three times this year, but lowering it further could further crush the rupee and drive inflation higher, the Journal reported.
Read more: www.businessinsider.com/indias-food-inflation-2013-8#ixzz2cdYJVvCx
My Politics Matters features that a very large population of young men go hungry enough to feature food riots, setting themselves on fire in protest of food prices ... then revolutions and collapses of govt become dramatically higher
India now features both a huge cohort of young men and Getting Out of Control food prices ... India risks for revolution or collapse of their govt now exists at a high level
India may risk going to war with Pakistan to distract the masses
===============================================
Indian Food Inflation Is Getting Out Of Control
Aug. 19, 2013
Vegetable prices in India spiked 46.59% in July year over year, another ugly bullet point in the country's persistent struggle with massive food inflation.
In particular, the onion — a staple vegetable whose rising prices have dogged ruling parties in the past — saw a particularly dramatic jump. From Mint:
Across cities, onion prices are hovering at anywhere between Rs.50 and Rs.80 a kilo, nearly double last month’s levels. The latest wholesale price index (WPI) numbers released on Wednesday show that onion prices rose 144% in July over the year-ago period, after a similar increase in the previous month. Since January, onion price levels have been nearly double what they were a year ago.
July's heavy rains damaged vegetable crops in areas of the country and contributed to the price hike, according to the Wall Street Journal.
And India has already lost hundreds of billions of dollars due to inflation in the past few years. Of course, the country's poor population, which spends the lion's share of income on food, has been hit hardest.
India's central bank has cut interest rates three times this year, but lowering it further could further crush the rupee and drive inflation higher, the Journal reported.
Read more: www.businessinsider.com/indias-food-inflation-2013-8#ixzz2cdYJVvCx