Unemployment, inflation on the rise: Indian economy to brace itself for coming days
India Today
The Indian economy has to brace itself for the coming days as the country is seeing a rise in inflation and unemployment rate.
India's retail inflation touched 6 per cent in January, the highest since July 2021. This is the fourth successive rise seen in inflation.
Inflation has also breached the upper tolerance level of the medium-term inflation target of 4 per cent within a band of +/- 2 per cent set by the Reserve Bank of India (RBI).
INDIANS PAYING 198% MORE MONTH-ON-MONTH FOR FOOD & BEVERAGES
High inflation has come on the back of higher food and beverage prices. Data analysis shows food and beverages contributed 43% to inflation year on year and 198% month-on-month.
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Food inflation has jumped to a 14-month high of 5.43 per cent, spelling a disaster for the common man.
High food inflation means the buck is being passed on to the ‘aam admi’ and he has to sell more for food.
