Inflation in India zooms past critical six-per cent mark to a 13-month high of 6.68 per cent
Nina Shankaran
Mar. 28, 2008

Commodity and wage inflation is rippling through the Indian economy. Spike in energy price is creating upward pressure on all sectors.

Inflation became a real concern moving past the critical six-per cent mark to a 13-month high of 6.68 per cent for the week ended March 15, 2008.

This is the highest weekly inflation level since January 27, last year when it stood at 6.69 per cent. It is also the fourth consecutive week that inflation has stood above 5 per cent, breaching the Reserve Bank of India (RBI) targeted level for the current fiscal.

Inflation data has been regularly revised upwards in recent weeks, with the scale of the revision being significantly high. For the week ended January 19, inflation rate has been revised to 4.45 per cent as compared to the provisional figure of 3.93 per cent released earlier.

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