New Delhi: Inflation continued its northward trend to inch up further above 8 per cent, spurred on by increasing prices of primary articles including cereals, spices, milk and fruits, besides manufactured items such as iron and steel and edible oils.
The latest Wholesale Price Index-based inflation estimate of 8.24 per cent for the week ending May 24, as against the previous week’s annual rise of 8.10 per cent, does not, however, incorporate the hikes in fuel prices announced by the Government on Wednesday.
The impact of the diesel, LPG and petrol price hike is slated to figure two weeks from now, when the data for the week ending June 7 would be released.
Reacting to the latest inflation numbers, the Finance Minister, P Chidambaram, said the Centre would take m
The latest Wholesale Price Index-based inflation estimate of 8.24 per cent for the week ending May 24, as against the previous week’s annual rise of 8.10 per cent, does not, however, incorporate the hikes in fuel prices announced by the Government on Wednesday.
The impact of the diesel, LPG and petrol price hike is slated to figure two weeks from now, when the data for the week ending June 7 would be released.
Reacting to the latest inflation numbers, the Finance Minister, P Chidambaram, said the Centre would take m
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