06 Jul 08 Inflation in India Rrises Further to 11.63

There seems to be absolutely no respite for consumers in India. Inflation from creeping its way up has now started galloping its way up. As per the latest data released this last Friday, inflation is steadilyÃ‚Â inching towards the 12% mark. The 12% mark might be penetrated this week. Lets wait for the inflation numbers to be released this Friday and see if the 12% mark is breached. Why is the 12% mark important, you might ask? According to analysts, 10%, 12% and 15% are key psychological levels. It seems, when each of these levels are breached, a lot of panic and chaos is likely to follow.

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