Inflation rises to 5.64% from 5.6%

The inflation rises to 5.64 per cent from 5.6 per cent for the weekended 17 January. Previous the inflation was recorded at 5.6 per cent. This is the consecutive rise in the rate of the inflation in two weeks.

Experts believe that the slight rise in the inflation in the nation is a big concerns and would not be overlooked. The impact of the trucker strike could be one of the major reasons. The supply had been interrupted due the strike, which reportedly led to rise in the prices.

However, the government has declared cut in the fuel prices and LPG. This measure would have positive impact on the economy in tackling the inflation rate. The RBI has been taking adopting various anti-inflationary measures.

In the recent credit review police the RBI did not made any change. Considering the inflationary pressure the RBI may opt for any changes in the interest rates to bring down the soaring inflationary rates.