Inflation rate

Inflation rate is at last 13 month high value of 9.78%, along with it the fuel price hike and repo rate hike by rbi are going to affect the average citizen as the food prices, transportation, home/auto loans are all going to be more expensive. I don't know how accurate this inflation is or how much clear picture it reflects as govt. Uses wPI(whole sale price index) instead of consumer price index which is what - believe the commom man deals with, so the actual situation might be worse. With Europe and America going thru economic turmoil, business growth and employment might take a hit.I think it is more advisable to be cautious as coming months seem critical.


Hope for some respite from these economic crisis!