India and Other Emerging Economies Continue to Struggle With Inflation
May 27th, 2008 | By Jason Simpkins | Category: Emerging MarketsIndia’s wholesale price index rose 7.82% for in the week ended May 10, the Ministry of Commerce and Industry reported. It marked the 13th straight week that the inflation rate has been above the central bank’s 5.5% target, highlighting the increased pressures many developing nations are under given soaring commodities prices.