Inflation continues rally at 6.58 pc

New Delhi, Feb 9 (UNI) The annual rate of inflation continued its rally beyond the six per cent mark to stand at 6.58 per cent for the week ended January 27, the highest in more than two years, as compared to 6.11 per cent the last week due to higher food prices.

Finance Minister P Chidambaram yesterday said the government is committed to moderate the rising inflation with additional steps that would take some time to bring down prices.

He said prices of various commodities have come down after fiscal measures and the RBI's decision to increase repo rate and increased provisioning for certain sectors.

The rate of inflation, calculated on a point-to-point basis, was 4.04 per cent during the corresponding week of the previous year, according to official figures issued here today.

UNI