Inflation to trim real income growth
``Elevated CPIX inflation in 2008 is likely to significantly trim real income growth compared with previous years, at a time when businesses already appear - judging by recent employment surveys - to be reining in job creation.
Inflation would continue to hover around 7.5% for another two to three months but is expected to soften from mid-October, Chief Economic Adviser Kaushik Basu said today.