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As inflation soars, Indians cut down spending on clothing and fuel: Survey

A majority of urban Indians said their cost of living went up to some extent as compared to a year ago, stated the survey conducted by YouGov

Photo: Bloomberg
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Photo: Bloomberg

BS Web Team New Delhi
As soaring inflation in India led to increased prices of essential items, urban consumers over the last six months reduced their spending on apparel, fuel and eating out, a new survey showed. 

A majority of urban Indians said their cost of living went up to some extent compared to a year ago, stated the survey conducted by YouGov, a global market research company. 

According to the survey, "With inflation at its highest level in the past eight years, petrol prices spiralling and wholesale price inflation at a 30-year high, cost of living in India has gone up in the recent