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India's inflation

India’s inflation hits 30-year high, consumers suffer

New Delhi – India’s inflation rate rose to 8.08% in June, the highest in 30 years. This is higher than the 7.79% in April and 7.04% in May.

The main reason for the rise in inflation is the increase in food and energy prices. Food inflation rose to 8.38% in June, the highest since 1979. Energy inflation reached 16.39%, the highest since 1979.

The rise in inflation is eroding the purchasing power of consumers and is a challenge for the economy. The Reserve Bank of India has raised interest rates to control inflation.

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