It is cutting the throats of millions today because millions of people find it hard to manage one square meal a day. All days work does not promise then sufficient to eat and drink. Prices have doubled in the last five years and many things on daily use are now beyond the reach of common man.
Home prices are rising and real estate deals and sales are down; whose problem is it and what should be done about it? Finance Minister Moshe Kahlon, ostensibly the point man in charge of dealing with the economy, told an interviewer Sunday on Israeli Radio FM, that issue of jumping housing prices is not, in fact, his problem at all.
The average price of an Israeli home in the second quarter was NIS 1. Only in Haifa did prices continue to fall, and that was in April-May, when they dropped 0. Only 5, new homes were sold in the second quarter of in comparison to 6, new homes sold in the same period a year earlier — a 17 percent drop, according to a Central Bureau of Statistics survey published at the behest of the Construction and Housing Ministry.
At present, the demand for new homes is dropping monthly by an average of 1. The price of fresh fruit and vegetables also rose 2.
Transportation prices rose 0. However, the news is not all bad. Clothing and footwear prices dropped by 6. The figures are still within the government target range for an annual inflation rate between 1 percent and 3 percent.Apr 27, · And a report last week by the research firm IMS Health found that in , list prices for drugs increased more than 12 percent, in line with the trend over the five previous years.
“It used to be the drug companies only took one price increase a year,” said Dr. Steve Miller, chief medical officer at Express Scripts. Prices of all commodities are rising almost daily. For what you buy a commodity today, you cannot have it on the same price a few days after.
The hardest hit on this problem is the salaried class.
The Modi government has worked a lot to bring down inflation and has achieved success as well, Prasad said, adding that inflation was per cent between of UPA rule and is now per cent. The BJP Monday said the problem being faced by the people because of rising fuel prices were.
Constantly rising prices are like a fire feeding on itself. As they erode the incomes of wage-earners, they give rise to labor unrest.
That in turn brings down productivity leading to further increase in prices. Problem Of Rising Prices. THE PROBLEM OF RISING PRICE There is the problem of rising price all over the world.
But this problem is more serious in India than anywhere else. It is the greater curse to the poor class. The following facts have causes the price rate in India. India is a back ward country. Commodity speculators caused higher food prices in and As the global financial crisis pummeled stock market prices, investors fled to the commodities markets.
As a result, oil prices rose to a record of $ a barrel in July, driving gas prices to $ a .