13 June:Prices continued to rise unabated pushing the inflation to 8.75 % for the week ending 31st May, leading to fears that it would shoot pass 9 % after the impact of rise in fuel prices earlier this month is taken into account.
The costlier food and vegetables mainly accounted for 0.51 per cent increase in inflation from 8.24 per cent in the preceding week.Prices of foods and vegetables, cereals, milk, spices and some manufactured products went up.
Among the manufactured products, mustard oil and groundnut oil looked up.Despite, several government measures to contain cement rates, prices marginally increased.
The government as also the Reserve Bank have taken several measures to reverse the inflation.RBI on Wednesday increased its short-term lending rates to banks by 25 basis points. Courtsey : DD NEWS