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Anyone who has lately bought groceries, paid rent, or filled the tank of their car has faced inflation.

The prices of everyday essentials have been steadily rising for almost a year owing to hikes in fuel prices, supply-chain constraints and global shortages of products.

In the last few weeks, fuel costs have increased remarkably across India. A litre of petrol costs Rs 109.98 in Mumbai, while diesel rates stand at Rs 94.14 per litre.

The price of edible oil is also escalating.