The gap between reported and felt inflation is about to widen: RBI should take note
In February, the five lowest (negative) inflation champions were garlic, onions and potatoes, but the five highest inflation rate items were coconut, tomato and cauliflower, also needed for the family pot. Food and fuel are swept out in core inflation, but these are the very products essential enough to crowd out other needs, and thereby dominate public perception. Cooking gas for those without firewood or kerosene options is utterly essential.
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