Living is expensive.. Life is cheap !!

Reading the events of the week, on a rainy, lazy weekend that forces one to reflect back on issues wider in scope - I notice the following !

The very basic necessity to survive, that we buy, Food is being more and more expensive. Double digit inflation year over year in India, on food items. No sign of prices cooling off.  

And people refer to this as "Cost of living is very high".

Turn the page of the newspaper - you see dozens die while going about their routine evening stuff, by some indiscriminate explosions. "Life is cheap".

There definitely is a disconnect in this economy of time - If life is so cheap, why should living be so expensive ?