It’s like am talking to a literal idiot who confused inflation with subsidiesHey moron, what does rise in price of essentials lead to the overall price index of the commodity basket? Do central banks call it price correction?
Better to argue with a paper bag than wasting time talking to you.
If a barrel of oil cost $30 or 85.69
With or without subsidy your government pays 85 per barrel the price of that barrel does not change. Your government is then discounting the price to the consumer. Removing subsidies takes away the discount but it doesnt change the price of that fucking barrel
and btw Your population is paying the full amount of commodities either indirectly via increased taxes or directly if no subsidies are given.
With actual inflation your currency loses its value. And prices of sub sized and nonsubsized goods goes up that’s when any index is helpful to gauge how much did the currency lose value. That’s when the oil barrel will cost more than 85.69 to your govt.
you come up with random shit you have no idea about and looking stupid. Yet I still feel obligated to teach illiterate folks about finance
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