Inflation may touch 17% by September 2008
It is due the another round of hike of fuel prices. Wholesale prices based inflation touched a new 13 year high of 11.89 percent much higher than the reserve bank tolerance limit of 5.5
Over the next two quarters, manufacturing sector inflation would add to 200-300 basis points to the headline WPI rate, food and oilseed inflation would add 100-200 basis points, and energy inflation a further 100-150 basis points…
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