Inflation mounts to 7.23% in April

The headline inflation in April 2012 accelerated to 7.23 per cent from 6.89 in March due to costly food and manufactured goods. High inflation in Indian economy would have high impact on all the sectors, which may force the apex bank to bring some changes in the interest rates.

The falling value of money against US dollar is another major concern for Indian economy, which not only making the imports more costlier but also pushing the inflation up.