Inflation is at High 7.57% in India

Friday, May 2, 20080 comments

Inflation is at its highest of Three years at 7.57 %. This going to be worse for UPA government. Now oppositaion will get new agenda against present government, which they will use in next Poll which would hit badley to UPA.

Main reasons for inflation is going high due commodities price has increased at international level and also at domestic level. Petrol price also crossed new levels, it is now at 117$ per barrel. from here it doesnt seems that petrol price will go down. OPEC coutries are not ready to increase there daily production of petrol. there is also scarcity of natural resources.

All comodoties are directly or indirectly dependent on Petrol prices
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