The latest data by the Ministry of Statistics and Programme Implementation (MoSPI) showed that retail inflation in June 2024 jumped to 5.08% from 4.75% in May 2024. Everything has become expensive, from education to homes, travel to food, financial investments to non-financial assets. Inflation affects almost everything in life, from your monthly budget to savings.
For the past couple of years, India’s retail inflation has stayed above the 4% target.

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