New Delhi, 04 July 2008: Inflation surged to 11.63% for the week ended June 21, up from 11.42% in the previous week, on the back of costlier food items. (Read related.....)
The rise has been mainly on account of increase in prices of fruits, vegetables, imported edible oils, tea, sea fish, cement and iron and steel and spices, though the index for fuel items declined during the week.
The wholesale price index-based inflation has continued to rise despite efforts being taken by the government and RBI to tame prices through fiscal and monetary measures.
The inflation was 4.32% a year ago during the corresponding week.