FM says pressure on prices remains
Finance
minister P Chidambaram today said pressure on prices remains but there
are signs that central bank moves to tighten policy and lower inflation
were working. He added the government could take more measures and that
the central bank's assessment on inflation was fair and correct.
Inflation
based on the wholesale price index rose 11.89% in 12 months to 28 June
2008, above the previous week's annual rise of 11.63%. It was the
reading since annual numbers in the current series became available in
April 1995
Starting today, the government will release inflation
data at 17:00 IST every Thursday. So far the data was released every
Friday at about 12:00 IST.
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