Sri Lanka does not even have money to buy oil
In today’s time, the condition of Sri Lanka is not hidden from anyone, there is neither money to buy food and drink, nor to buy oil. Ranil Wickremesinghe, who became the Prime Minister of Sri Lanka about a month ago, has made it clear that the country’s economy has collapsed. Don’t even ask about inflation. Inflation has reached 30 percent in the month of April. Petrol and diesel have become costlier than Rs 400 a liter. The prices of milk, bread and vegetables have increased so much that even in a dream it would not have been thought. Sri Lanka has also defaulted in repaying its debt. The situation is that now the only support is international help.
The condition of Pakistan can also be like Sri Lanka!
At present the condition of Pakistan is very bad. There is no petrol at petrol pumps, there is no cash in ATMs and common man is getting upset. Petrol in Pakistan has become more expensive by more than Rs 230. By April, inflation in Pakistan had reached a two-year high of 13.4 per cent. It gained further momentum in May, after which it reached a record level of 13.8 percent. Former Finance Minister of Pakistan Shaukat Tarin has also made a tweet on how bad the situation has become in Pakistan. Giving a chart, he has told how a common man needs at least 13 thousand rupees to run his family of 4 people.
Even a country like Canada could not escape from the effects of inflation.
These days the situation in Canada is also very bad. Inflation in May has become the highest in 40 years and has reached the level of 7.7 percent. This is the highest level since 1983. In nearly a year till May 31, the price of petrol in Canada has increased by about 48 percent. The price of groceries has increased by 9.7 per cent due to supply chain issues. Along with vegetables like onions, chillies and carrots, the prices of fish etc. are also skyrocketing.
Highest inflation in America in 40 years
Similar to Canada, the situation is also in America. Even there, inflation has reached the highest level of 40 years. Biden has said that due to Russia’s attack on Ukraine, the price of gas and all food items around the world has increased. For the first time since 1981, there has been such a high inflation. Inflation in America has reached 8.5 percent in March.
Inflation in Britain also at the highest level of 40 years
Like Canada and America, Britain is also facing the brunt of inflation. There too inflation has broken the record of the last 40 years. Inflation in Britain has reached 9.1 per cent in May, which is being said to be higher than expected. Inflation has increased due to costly food items.
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Rest of the countries are also troubled by inflation
Inflation is now 12.13 percent in Brazil and 13.1 percent in Egypt. In Germany too inflation has broken the record of 32 years. Russia is also facing the brunt of inflation and retail inflation has reached the highest level of 17.8 percent in 20 years.
India is in better position than all other countries
If we compare India with countries like America, Canada, UK, then we are in a much better position right now. The biggest reason why India’s situation is better is that India is dependent on imports for very few food items. Barring palm oil and sunflower oil, India imports very few food items. Most of the food and drink are grown here, due to which inflation has not increased very much. At the same time, the prices of petrol and diesel have increased rapidly, because for that we are dependent on imported crude oil from abroad.
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