By Mubin Panjwani, Deepa Venkatraghvan

INFLATION is when you pay 15 dollars for the 10-dollar haircut you used to get for five dollars when you had hair.
-- Sam Ewing

You just might be paying more for your haircut pretty soon, because your hairstylist will be as affected by the soaring rate of inflation, 11.05 per cent, to be precise.

Your monthly budget, needless to say, is taking a severe beating. wealth presents a glimpse of just what it means for your money.

The top culprit: Fuel price hike. Which means you will pay more for:

• Petrol, diesel
• Cooking gas
• Air travel
• Electricity, consumption
• Cooking oils
  

The good news: Food prices -- vegetables, fruits, most cereals and even packaged foods - have not increased. Yet!

Watch this space for more inflation news and advice.

Photograph: Getty images

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