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Rising inflation hits living standards for India's middle class

Graham Watson

15th December 2022

Proof here that inflation is not just a developed world phenomenon: it's a global issue, not least in South Asia, not least in Sri Lanka as a result of the financial crisis, and here in India, where the middle class are squeezed by the cost of living.

This is an interesting article, it highlights how the middle class are feeling the pinch - entry level consumer goods have seen falls in sales but not luxury goods, evidence that the distributional effects of inflation fall unevenly, even in developing economies.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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