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Article: Inflation crosses 6 per cent in India.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- July 9, 2004
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New Delhi, Jul 9 (PTI) Inflation crossed 6 per cent, the highest so far in this fiscal, during the week ended June 26 mainly due to price rise in fuels such as petrol, and manufactured items, including edible oils.
Bringing real interest rates, which measure the effective returns on savings of public, in negative territory, the Wholesale Price Index (WPI) inflation rose by 0.22 per cent to 6.09 per cent despite a 3 per cent fall in vegetable and fruits prices.
The general price level in the country was 5.32 per cent in the previous year period.
The spurt in inflation, which is also at a 21-week high, came amidst the UPA government's promise ...