Thursday, August 14, 2008

Latest Inflation Figures in India

The news just came in couple of hours ago that the latest inflation figures are out and it now stands officially at 12.44%. Last week, it was 12.01% and the latest figures are a 16-year high. The Indian Finance Minister, Mr. P. Chidambaram, has said that the latest figures are disappointing and he had expressed hopes earlier that it would come down to single digits within the next two quarters.

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