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There's no substantial rise in inflation: Cong
New Delhi, June 6 (UNI) With the headline inflation rate soaring to 8.24 per cent from 8.10 per cent, the Congress today said there has not been substantial increase because of the macro economic measures already taken by the government.
''The marginal rise of .14 per cent shows that the steps initiated by the government are having impact,'' AICC spokesman Manish Tewari told mediapersons.
''Let us not try and calibrate the Wholesale Price Index (WPI) in terms of decimals,'' he said, pointing out that ''If the state government effectively starts cracking down on hoarders and blackmarketeers, WPI will slide back.'' He said the pressure of international crude oil prices was also responsible for the rising inflation.
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Story first published: Friday, June 6, 2008, 19:34 [IST]