Inflation rose to 11.98% for the week ended July 19 as some food and manufactured products turned dearer, justifying the harsh monetary stance of the Reserve Bank of India. Primary articles were up 0.1% while food articles were also up 0.6%. Fuel, power, light remained unchanged.
Inflation was 11.91% for July 1st week and then fell marigially to 11.89% for July 2nd Week before rising to 11.98% for the 3rd week. Inflation stood at 4.65 % in the corresponding week a year ago.
Where will we head from here?