After four consecutive months, inflation is rising tremendously in India. Inflation rose marginally to 6.84% in February, 2013 as food items such as rice, wheat, onions and fruits became costlier. Most notably the inflation rate in egg, meat and fish category was at 12.85%. McDonalds currently has over 100 outlets in India and are planning to double it by end of 2013. The inflation rate will cause huge issues as a majority of McDonalds products consist of egg and meat and with the huge inflation rate the materials will become increasingly costly. Furthermore, since India's inflation rate is so high, it will result in an extremely high cost of living, and when a country has a cost of living that is too high, it will result in instability and unrest.
Link to Article:
http://www.thehindu.com/business/Economy/inflation-moves-up-to-684-in-feb/article4508246.ece
Link to Article:
http://www.thehindu.com/business/Economy/inflation-moves-up-to-684-in-feb/article4508246.ece
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