As the world gradually recovers from the severe COVID-19 pandemic, India faces a new challenge: soaring inflation. The economic rebound has brought with it a significant rise in the cost of living, placing an additional burden on Indian households.
Prices of essential vegetables such as tomatoes, potatoes, and radishes have surged by 1 to 1.5 times, making everyday meals more expensive for families across the country. Moreover, the increase in metal prices—particularly steel and copper—has led to a 15-20 percent rise in the cost of household items like pots, pans, and electric lights.
These escalating costs are forcing households to make tough choices, often opting for cheaper, lower-quality alternatives to manage their budgets. CGTN stringer Aarju Aalam interviewed an ordinary family in New Delhi, shedding light on the real-life impact of inflation.
\"Every month, we notice that our grocery bills are higher, and even our utility items have become more expensive,\" shared the mother of the family. \"We have to cut back on certain expenses and find ways to stretch our income, which is becoming increasingly difficult.\"
The ripple effects of inflation extend beyond individual families, influencing broader economic stability and consumer confidence. As India navigates this financial strain, the resilience and adaptability of its people remain crucial in maintaining their livelihoods amidst these challenging times.
Reference(s):
cgtn.com
