Inflation zooms to a high of 11.63%

Inflation surged to 11.63 per cent for the week ended June 21, up from 11.42 per cent in the previous week, on the back of costlier food items.

The rise has been mainly on account of increase in prices of fruits, vegetables, imported edible oils, tea, sea fish, cement and iron and steel and spices, though the index for fuel items declined during the week.

The wholesale price index-based inflation has continued to rise despite efforts being taken by the government and RBI to tame prices through fiscal and monetary measures. The inflation was 4.32 per cent a year ago during the corresponding week.

Inflation: The silent killer!