Wednesday, March 14, 2012

India inflation rises to 10.6 percent in June

India's inflation rose to 10.6 percent in June as food and fuel prices continued to stay high, government figures showed Wednesday.

Surging inflation has caused the country's central bank to raise interest rates three times since March amid a rapid economic rebound from the global recession and been a growing headache for India's government. Earlier this month opposition political parties led a daylong protest strike across the country after the government hiked fuel prices, disrupting public transport and other services.

Food inflation in June rose 14.6 percent from a year earlier after a jump of 16.5 percent in May. Fuel and power inflation …

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