Inflationary Wows & Woes.....

These days the only news that seems to grab almost half the entire screen of all major National News Channels , in the form of Breaking News , is that we are reeling under the ominous slope of the inflation Index . With the index soaring week after week and all the efforts put in to contain it going for a toss, it is high time we do some time travel and find out the exact reason for the unnerving phenomenon for most households. Why is that even after all the measures taken in the form of imposing duties to control exports and reducing or shedding off import duties we are still unable to contain it ? Even the fiscal measures have not shown any tangible results as of now. Maybe in the forseeable future it might show signs of frutition , but it might not be significant enough for our banks haven't touched upon the repo and the reverse repo rates. Looking at the way the crude is behaving we can do little from our side to contain the losses. Where have we slipped or what is it that we are not following here ? To admit frankly I am a simpleton when it comes to economics and statistics. I am definitely not a good commentator on our economic policies and nor am I judging any one's decision. From a common man's perspective I feel that somewhere we are to be blamed for what's happenning .With changing times we have had more money coming into our hands .Which means the purchasing power per capita is rising with times. Looking at the way the Gen Next is throwing of money at each and everything the others have sooner or later started following suit. People have gone in for more of spending and less of saving . This means we have more money chasing goods . Inflation indeed !! Today we can't do with 3 ACs and still complain . Earlier we used to adjust with things. Has someone ever thought that if we were to live more judiciously , understanding the value of things we probably would have spent money where it is actually required . Splurging the extra money is what is kindling this inflationary tendencies. We clearly ought to contain our spendings and learn to save things rather than getting extra and wasting things . This would solve most of our problems. With many billionaries created every passing minute our nation is unshackling all its limitations and raring to grow . Such things are common with a developing nation .With time , this knowledge and rationality would definitely creep into our minds . Maybe this is a learning phase for our nation. With this learning we surely would go a long way in scaling out our economic superpower status.