India’s inflation at 14-year high of 11.4 percent

June 27th, 2008 - 2:26 pm ICT by IANS  

New Delhi, June 27 (IANS) India’s annual rate of inflation shot up to a 14-year high of 11.42 percent for the week ended June 14 - against the 11.05 percent the week before - due to higher prices of primary articles. The index for primary articles moved up by 0.2 percent during the week even as the index of non-food articles declined 0.5 percent. Prices of fuels also rose 0.1 percent, while rice and bran oil became dearer by six percent each.

Alarmingly, the final data for the week ended April 19 showed that the annual inflation rate was 8.23 percent, against 7.57 percent reported earlier based on provisional data.

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