New Delhi: Inflation in September soared to a new high of 7.81 percent
against the 7.55 percent in August in the backdrop of the government
hiking diesel prices.
Inflation, as measured by the Wholesale Price Index (WPI), was 7.55 percent in August while it was just 6.87 percent in July.
On September 14, the government had hike the price of diesel by a steep Rs 5 per litre which had concerned the PMEAC to warn that the hike would shot up inflation in the short run.
Expressing concern over the soaring inflation, deputy chairman of the planning commission, Montek Singh said it was too high and above the comfort level of 5-6 percent.
Inflation, as measured by the Wholesale Price Index (WPI), was 7.55 percent in August while it was just 6.87 percent in July.
On September 14, the government had hike the price of diesel by a steep Rs 5 per litre which had concerned the PMEAC to warn that the hike would shot up inflation in the short run.
Expressing concern over the soaring inflation, deputy chairman of the planning commission, Montek Singh said it was too high and above the comfort level of 5-6 percent.
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