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India Reality News : Rising prices steal thunder in the year 2012



Should you choose to remember 2012, it will
most likely be as the year your income did not
rise but your expenses did. Even the most
optimistic view - that of the government -
means prices this year will outrun incomes
again for the third year in a row. Inflation in
2010-11 was 9.6 percent, tolerable when the
economy was growing at 8.4 percent. In
2011-12, inflation at 8.9 was 2.3 percentage
points higher than the GDP growth rate of 6.5
percent. This year, inflation will again be a full
percentage point higher than growth.




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