In India: Prices up, living standards down
Sep 22nd, 2011 | By Justin Long | |
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“Prices up, living standards down,” TheHindu.com. A reminder that while rising prices can be a nuisance in Western countries, in poorer regions where prices on necessities rise but incomes don’t they can be far more serious. The article interviews one lady whose monthly grocery bill has doubled while the price of cooking gas has gone up. At root is a rise in fuel prices which affect everything from transport to work to the transport of food. Many of the unreached peoples of the world are among the poorest of the poor and feel this trend dearly. Missionaries who try to reach them will likewise feel it in their own operating budgets. I remember quite well the pinch for us when our monthly donor base stayed the same but the exchange rate between the US dollar and the local currency devalued the dollar–and at the same time fuel costs rose…