household budget is an important part of the overall financial planning activity for every family. The manner in which this budget is managed impacts the kind of savings and further investments that are made over a period of time. One major component of the household budget is food items and with the prices rising sharply, there is a lot of pressure that families are under. -inflation
The widespread nature of the price rise can also have an impact on when there is a need to take a relook at the overall budget. If the rise is restricted to a few areas and these turn out to be short-lived, then there is not much of a problem. If the rise is widespread and it is across vegetables plus cereals and even wheat and rice, then the problem becomes acute. This is because the price rise .