Yearly headline inflation hit 38 per cent in May 2023. This means that on average, the purchasing power of the rupee was down 38 per cent in May compared to May last year. If you have Rs138,000 now, you can buy only as many goods and services worth Rs100,000 a year ago. Or in other words, if you have Rs100,000 now, you can buy goods and services that were worth Rs62,000 a year earlier. Infla