Higher food and manu product prices drive inflation to 4.67%

New Delhi, Aug 4 (UNI) Owing to a rise in the food and manufactured product prices, the annual rate of inflation for the week ended July 22, rose to 4.67 per cent as compared to 4.52 per cent last week.

The inflation rate, calculated on point-to-point basis, stood at 4.33 per cent during the corresponding week of the previous year, according to official figures released here today.

''India is taking steps to curb both 'cost-push' and 'demand-pull' inflation,'' Finance Minister P Chidambaram had said last week in Parliament.

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