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Economic Notes |
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Inflation rate continues upward climb: 7.57% at 42-month high: The rate of inflation continued to soar during the week ended April 19 to touch a 42-month high of 7.57 per cent, mainly owing to increased prices of vegetables, food articles, certain manufactured items, including steel, and some fuel products. The last time inflation had touched a higher level was in November 2004, when it had reached 7.68%. Inflation, measured as change in the Wholesale Price Index (WPI) from its level in the cor ...
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