Friday, June 27, 2008

india inflation

India's inflation surged to a 13-year of 11.42% in the week ended June 14 from the same period a year earlier, official data reportedly showed on Friday, raising chances of further monetary and fiscal steps to cool soaring prices. The latest data compares with inflation of 11.05% in the previous week, and the Reserve Bank of India's stated comfort level of 5.5%

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