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The battle against inflation is entering a tougher phase: What it means for you
India’s retail inflation rose to 5.54% in September, its highest level in nearly two years, driven by rising food, fuel and transport costs. Rural households have been hit particularly hard, with food inflation crossing 8%. The surge comes amid elevated global crude oil prices, a weakening rupee and continuing uncertainty in West Asia. With inflation nearing the RBI’s upper tolerance limit, questions are growing…