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Inflation Has Cost Indian Consumers $129 Billion Over The Last 3 Years

Indian consumers have lost about $128.7 billion to inflation in the last three years, largely pushed by rising food and fuel prices, according to The Economic Times (via research firm Crisil). Rising costs have chipped away at the purchasing power of the rupee. The report pointed out that food inflation was at 11.6% during 2008-09 to 2010-11, compared with the 5.7% rate of non-food inflation.
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