Cost of living Updates Oct 25: The cost of living is basically the amount of money one needs to survive in a given place - to cover one's most essential needs such as food, water, housing, taxes, cost of commute and healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in common man's pocket.
Since the Russia-Ukraine war broke out, the cost of raw materials and commodities have gone up. This has increased India's payments outgo for oil, gold, other commodities.Fuel rates are revised at 06:00 A.M every day.
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