India's inflation, based on the wholesale price index (WPI), rose further in the penultimate week of May even as the country braced for even higher prices following the much-anticipated hike in retail fuel prices.
The annual point-to-point inflation increased to 8.24% in the week ended May 24 from 8.1% in the previous week, the Commerce & Industry Ministry said today. The rate is slightly below the average expectations of 8.29%.
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