Thursday, February 22, 2024

Inflation forces commoners to cut down on expenses

Date:

Share post:

spot_img

By Our Reporter

 SHILLONG: The growing inflationary pressure has forced the commoners to cut down on their spending. There is a growing concern among the commoners here as they findit increasingly difficult to achieve a striking balance between their job security and domestic spending. The general tendency of these commoners to save something every month from their earnings has also taken a back seat due to rising expenses.

It has been seen that that though these commoners are optimistic about the long term prospects, both in terms of job security and inflation, their confidence level is not the same in comparison with their level of optimism. “I don’t know really when this trend of inflation and unemployment is going to recede,” said an executive of a local private firm here. He is echoed by another government employee who said that inflation has reached other non-essential items apart from the essential ones, too.

They opined that their personal finances and savings remains a major worry in recent times.

“The percentage that I have been saving every month has taken a dip. My salary has not increased in accordance with the inflation and I am finding it very difficult to save,” said a salesman of a grocery store and father of two children. Like him many others have opined that their savings have been affected as they have cut down their expenses on new clothes with others cutting their expenses on domestic cylinders and electricity consumption.

A school teacher said that she surrendered her landline connection and has minimized her mobile usage besides she has not upgraded any of the computer technologies on offer in her personal computer. Agrees a clerk of a state government office here who said that he has stopped taking an annual tour to some tourist destination every yearend, now.

All these respondents – who are sufferers of uncontrolled price rise – have expressed their fear over rising food and fuel prices.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Jackky Bhagnani, Rakul Preet Singh are married now

Shillong, February 22: Actor-producer Jackky Bhagnani and actress Rakul Preet Singh are now man and the wife after...

With 78% approval ratings, PM Modi is most popular leader in the world: Morning Consult survey

New Delhi, Feb 22:  Prime Minister Narendra Modi has once again emerged as the most popular leader in...

LS polls: ECI seeks list of sensitive booths in Bengal

Kolkata, Feb 22: The Election Commission of India (ECI) has immediately sought a list of sensitive booths in...

Always ready for talks with farmers: Anurag Thakur

New Delhi, Feb 22:  Union Minister Anurag Thakur has said the Centre was always ready for talks with...