Salary versus inflation.

INFLATION has gripped the country rather tightly and doesn't seem to be going away anytime soon. Prices have gone through the roof particularly in the last few weeks when the government started slashing fuel subsidies to revive the loan programme with the International Monetary Fund (IMF).

While every segment of society suffers from rising inflation, the salaried class is taking the brunt amid increasing expenses and stagnant salaries. Indeed, there are cases of shrinking salaries and even vanishing salaries owing to retrenchment.

Those who are lucky to still have salaries can barely live paycheque to paycheque and can't set aside even a few dimes for the rainy day.

In contrast, traders, transporters and other sectors pass on the impact of price hikes to the end consumers. While there is no set formula or government policy to increase...

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