Web Analytics Business News This Week Inflation rises to 5.6 per cent | Business News This Week

Jan 22, 2009

Inflation rises to 5.6 per cent

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The inflation which has been sliding for ten week, now up for the weekended 10 January. Inflation for this week is recorded at 5.6 per cent from 5.24 per cent figure of last week. Inflation rose by 36 basis points this week in the latest released data.

The economy is on track and the slide in the inflation has been a good sign. But the rise in the inflation would be bit of concern for the government and Reserve Bank of India (RBI). However, the RBI is likely to review the credit policy soon.

While restructuring the credit policy the RBI would may go for changes in the interest rates to suppress the rise in the inflation. The fiscal mechanism plays a great role in deciding the rate of the inflation.


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