Inflation & Prices
Inflation in India Feels Higher Than What Official Data Reveal
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Real inflation felt by India’s poor is 40 basis points higher than the official number in the current fiscal year, eroding purchasing power of a vast section of the South Asian nation’s population, according to India Ratings & Research Pvt., the local unit of Fitch Ratings Ltd.
“The effective inflation faced by the bottom 50% of the population stood at 7.2% during April-December,” India Ratings analyst Paras Jasrai wrote in a report Monday.