Indian inflation leaps to 7.31 pc in Dec 2009

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Inflation leaps to 7.31 pc in Dec 2009
New Delhi, Jan 15: With food items such as sugar, potatoes and pulses getting dearer, the wholesale prices-based Inflation rate for Dec 2009 jumped to 7.31 per cent.

This is much higher than the Reserve Bank of India (RBI) forecast of 6.5 pc-level by fiscal end.

The food inflation, which is measured based on prices of non-processed food articles, for Dec 2009 was at 19.17 per cent.

However, the food inflation measured for the week ending Jan 2 was marginally lower 17.28 per cent.

If the food inflation continues to ease, the overall inflation will also go down.

OneIndia News

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