Inflation moves northwards to 5.32 per cent

New Delhi, Dec 22: Inspite of the government's claims to take pre-emptive action to contain rising prices, the annual inflation rate rose to 5.32 per cent for the week ended December 9 from 5.16 per cent the previous week due to an increase in food prices.

The inflation rate calculated on a point-to-point basis, stood at 4.39 per cent during the corresponding week of the previous year, according to official figures released here today.

Finance Minister P Chidambaram last week said the government will take pre-emptive action to contain rising prices.

''We have to be ahead of developments and take pre-emptive action, rather than fall back and take corrective action,'' he said.

UNI

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