Inflation in India Hits 56-Week

The news of rose of inflation to 5.74%, the highest over the previous
56 weeks , was the headline of all indian dailies and webportals. The
rose is the effect of hike in essential food stuffs like lentils,
sugar, vegetablesand hike of price in diesal and petrol.
The impact of this will be open and hidden both, even it may cost
heavily to the UPA govt. in the coming elections as the indian voters
are very sentimental to this issue. It is to be seen that whether RBI
will firther hike the interest rate or not since it already have
hiked the rates recently. These all collectively are going to affect
a normal middle class indian's life which inturn will afect India.
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