Inflation has touched double digits for the first time after over a decade – actually after 1995. It has climbed steeply from under 5 per cent in November 2006, to now over 11 per cent in June this year, and its effects are being seen all around.

Rice that cost Rs 20 per kg a year ago is today priced at Rs 27. A weekly vegetable basket that cost Rs 100 last year this time costs Rs 160 today.