New Delhi: The skyrocketing prices for four-five years and double-digit inflation have robbed people of basic needs, but every cloud has a sliver lining as 2012 could shower goodies for aam adami with indication of declining prices of food, petrol, bullion and home loan. 

Relief in kitchen budget

The market is buoyant with slumping food inflation, decline in prices of vegetables, seasonal fruits and cereals, which has provided much relief to kitchen budget.

According to PHD Chamber of Commerce and Industry president Salil Bhandari, “Food items will be sold at cheaper prices in comparison with the last year. Due to the bumper production of potatoes and onions, the whole sale and retail will remain stable till 2012-13.”

As per the information received from the Agricultural Ministry, “The production of fruits in the country is better than that of previous years and the government stock of rice and wheat is about six crore tonnes.”

Cheaper home loans

If big industrialists and spin doctors of the Finance Minister have tossed the idea that interest rates may slide down, it means there must be some solid reason behind this indication. After the dismal industrial productions and ease in inflation, RBI Governor D Subbarao said, “The decrease in key rates will be implemented soon and most probably by January 2012.”  

In the last two years, interest rate for home loan has increased from 9 to 12 percent and auto loan consumers have seen a rise of 5 percent.

Gold rate to dip down

Albeit gold has reached from Rs 20,980 per ten gram in January 2011, to Rs 28,040 on Thursday, speculation is rife that its rate will dip down. Due to Eurozone crisis, price of gold has fallen from USD 1,725 to USD 1,609 per ounce. Gold price can fall to Rs 26,000 in January next year and its declining trend will continue till the euro turmoil is ironed out.

Allay in auto, real estate sector

Auto and real estate sector are suffering the most due to recession. Car companies are luring customers with heavy discounts so that they can clear their pending stocks.

During a recent survey done by a media house, it has been found that there are no takers for the constructed property worth Rs 31,000 crore in Mumbai and Delhi, which may pull down property rate by 30 percent till June, 2012.