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Inflation soars to new 42-week high
Inflation surged to highest in 42 months led by increase in prices of tea, spices and fruits.
The wholesale price-based index rose 0.04 per cent points to touch 7.61% for the week ended April 26 from 7.57% for the week ended Apr. 19, 2008
Inflation had last reached the high of 7.76 percent for the week ended Nov. 6, 2004.
Finance Minister P Chidambaram, said, ``Steps are taken with the intention that they will bear fruits``
He further said that the current level indicates inflation is stable.
More items are likely to be banned from futures trading to contain inflation.
Government on Monday extended ban on futures trading to four more agriculture commodities gram, soya oil, potato and rubber.
Inflation surged to highest in 42 months led by increase in prices of tea, spices and fruits.
The wholesale price-based index rose 0.04 per cent points to touch 7.61% for the week ended April 26 from 7.57% for the week ended Apr. 19, 2008
Inflation had last reached the high of 7.76 percent for the week ended Nov. 6, 2004.
Finance Minister P Chidambaram, said, ``Steps are taken with the intention that they will bear fruits``
He further said that the current level indicates inflation is stable.
More items are likely to be banned from futures trading to contain inflation.
Government on Monday extended ban on futures trading to four more agriculture commodities gram, soya oil, potato and rubber.
