The news and views of Central Government Employees of Karnataka State
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Thursday, August 15, 2013
Inflation jumps to 5-month high
NEW DELHI: Rising vegetable prices and the impact of a weakrupee pushed inflation to a five-month high of 5.79% in July, posing yet another challenge for Asia's third-largest economy battling to defend the rupee and boost growth.
Official data released on Wednesday showed inflation, as measured by the wholesale price index, jumped to 5.79% in July from the previous month's 4.86%. Easing wholesale price inflation had fuelled expectations of a moderation in tight monetary policy but the slide of the rupee against the dollar has dashed those hopes for now.