The wholesale price index (WPI)-based annual rate of inflation stood at 11.89 per cent for the week ended July 12, marginally lower than the 11.91 per cent reported in the previous week.  

Inflation was 4.76 per cent during the corresponding week a year-ago.

According to official figures, the moderation was due to fall in prices of food items like potato, maize, sea fish, tea and imported edible oils, though other commodities like coffee, fruits and vegetables, mutton and certain pulses like urad, moong and arhar became expensive during the week ended July 12.

For the week ended June 21, inflation rate climbed up to 11.63 percent, as against 11.42% during the last week.

The inflation rate is presently at the highest since May 6, 1995, when it was 11.11%.

Fueled by increasing food and commodity prices, this will be the 19th straight week that inflation rate has been rising above 5.5%, RBI’s target by the end of the fiscal year in March 2009.

Planning Commission deputy chairman Montek Singh Ahluwalia said that India is not the only country to be affected by the inflation. All countries are facing economic problems due inflation. He emphasized that world is in middle of a dramatic change in the world price distribution. Hence Indians should get used to the high energy prices.

For the week ended June 7, inflation rate climbed up to 11.05 percent, as

Economists fear the nation is in for a period of high
inflation despite the fact that it may start relieving from the current level

The country’s annual inflation rate has climbed up to over three-year high of 7.41 percent for the week ended on March 29 on the back of increasing pressure on the central bank to further tighten u