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India Inflation jumps to 0.57 pc

Inflation
New Delhi, Apr 30: India's inflation for the week ended Apr 18 jumped to 0.57 pc as against 0.26 pc in the previous week.

The index for the primary articles rose 1.7 per cent and the manufactured products index was up 0.3 pc on a week-on-week basis. Meanwhile the Wholesale Price Index (WPI) for the fuel group rose 0.1 pc on a week-on-week basis.

Inflation for the week ended February 21 was revised to 2.99 per cent from 3.03 per cent. Reserve Bank of India (RBI) has projected India's WPI inflation to be around 4 pc by the end of this fiscal.

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Steps taken to bring down Inflation: G K Pillai

Mumbai, Aug 22: Union Secretary for Commerce, G K Pillai on Friday, Aug 22 hinted a possible decline in inflation rate that touched a 13-year high of 12.63 per cent in the week ending August 9. Speaking to newsmen on the sidelines of an international conference on Special Economic Zones (SEZ) here, he said that the cabinet committee on prices was closely reviewing the situation periodically and steps were being initiated to contain the prices. Mr Pillai said wheat and rice was.....
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