expense of living IMMEDIATE UPDATE September's CPI inflation rate is anticipated to be lower
The amount of money required to meet one's most basic necessities, such as food, water, housing, taxes, cost of commuting, and healthcare, etc., is known as the cost of living. The cost of living has increased globally due to the high rate of inflation, which has hurt the average person's finances. The price of raw materials and commodities has increased since the Russia-Ukraine conflict started. India's payments for commodities like oil, gold, and other goods have soared as a result.
IST, 10 October 2023, 8:32:48
Cost of living: September's CPI inflation reading is anticipated to be lower.
According to a Reuters poll, retail inflation in India may have reduced to 5.50 percent in the previous month, which is within the Reserve Bank of India's (RBI) allowed range. This is probably due to a pause in food price increases and government subsidies that offset the increase in crude oil prices, it was said.
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