Inflation in India at 4-Year High
Jun 7th, 2008 | By Marc | Category: Featured, Financial NewsInflation in India reached a four-year high of 8.24% for the week ending May 24, with major banks forecasting further rises ahead as the government hiked the price of discounted fuel.
“Soaring oil prices have forced Indian authorities to raise subsidized fuel prices and risk propelling inflation that is already running at a three-year high,” says Jason Simpkins in Money Morning.