India Inflation Exceeds RBI's 6% Ceiling; Higher Costs Expected for Dining and Travel

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Inflation in India has moved above the Reserve Bank of India's 6 per cent upper tolerance limit. If it stays at that level, everyday spending on eating out, travel, clothing and certain services is likely to become more expensive. The article examines the practical consequences for household budgets. It notes that sustained price pressure of this kind is the central concern for policymakers.

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