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India's inflation sets another record at 11.42%
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17:44, June 27, 2008

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India's inflation rate surged to a record 11.42 percent for the week ended June 14, up from 11.05 percent recorded in the previous week, the government released Friday.

The rise has been mainly on account of higher prices of food items like tea, milk and cereals. The other commodities, whose prices went up during the week were lubricants and manufactured items, according to the NDTV.

India's inflation touched a 13-year high of 11.05 percent as on June 7.

Finance Minister P Chidambaram on Thursday said that double-digit inflation is likely to continue for a few more weeks before government's efforts to ease the rate of price rise succeed.

Source: Xinhua



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