NEW DELHI(AP): From hefty pay hikes and foreign vacations to new houses bought with cheap mortgages, India's middle class had never had it so good, riding the past four years' unprecedented economic boom.But now, a spike in inflation is playing party pooper.
High economic growth, averaging more than 8.5 percent annually since 2003, has spurred demand and caused prices to rise so much that consumers are starting to get squeezed.
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