TOKOYO- According to Japanese Govt. officials, there was a rise of 1.5 percent in core inflation in Japan.
High food and gasoline prices were the basic cause behind rise core consumer price index. After a reinstatement of a gas tax by the government, the fuel price in the country began to jump.
In May, overall CPI was noted up to 1.3 percent While according to the Ministry of Internal Affairs, in Tokyo area there was an increase of 1.3 percent in CPI in June.
One of the realistic aspects of the modern day economy is the mounting inflationary rate and economic recession which is leading the world into depression as millions of people in the World are severely protesting against the regime of the United States why the prices of oil and gasoline are increasing and causing an ample influence on the overall economic-structure of the U.S. This is all just because high oil and gasoline prices are also approved by the economists of the European countries.
Historic oil increase agonizing truckers
As the oil prices reached at $140 per barrel, the truckers get agitated and fell-down in a desperate way where they couldn’t do any thing special regarding the feasibility of their transportability just due to the consequences of highly-profiling inflationary cycles.
The analysts gave the prediction that oil prices might cruise of about $200 per barrel within next 18 months. This led towards a major worry to the people of the U.S.
As the oil prices reached at $139.54 during the last two weeks in the United States, the agitation and angriness of the people could observed by seeing their faces and mouth of callings upon the regime of the United States to keep control on the high oil price and mounting inflationary rates of any of the commodities for the human survival.
The impact of economic recession is not only moving on in the United States and European countries but also in the Asian regions. The most effected and inflationary countries of the Asia these days are India, Indonesia, Bangladesh, Pakistan, Sri Lanka and Afghanistan, etc.
It has become one of most concerning issues of world. It is becoming the reason of a high price level in the consumer market. So the demand and supply of the commodities are badly affected.
Impact on consumer demands
The prices of commodities such as wheat, sugar, salt, spices, bread, vegetables, fruits, meat etc increased at such a huge level that has diminished the demands of the consumers. On the other hand it is the compulsion of the people to buy groceries for their survival.
Increasing oil prices cause inflation
The economic analysts are saying regarding the dilemma of inflation that it is occurred due to the increase in oil prices in United States. One barrel of oil is reached up to $126 a few days ago, which has become the major concern of sustaining the US economy. Furthermore both the political parties of democrat and republican have failed to control upon the inflation and most of the people blamed to US regime.
