How the latest inflation data spells trouble for consumers

India’s annual retail inflation for January galloped to 6.52% on Monday, back-peddling a downtrend in numbers. Increase in prices of food commodities, especially the ones like wheat, rice and vegetables, which are a key constituent of Indian staple diet, have burnt a hole in consumers’ pocket.

How the latest inflation data spells trouble for consumers
India’s annual retail inflation for January galloped to 6.52% on Monday, back-peddling a downtrend in numbers. Increase in prices of food commodities, especially the ones like wheat, rice and vegetables, which are a key constituent of Indian staple diet, have burnt a hole in consumers’ pocket.