Inflation to remain high till Dec, says Finmin

The common man will get no respite from rising prices for another six months, with the government indicating that inflation, currently hovering above 9%, will continue to remain high till December. Inflation stood at 9.44% in June, much above the RBI’s comfort level of 5-6%. The current inflation is being mainly driven by seasonal effects and upward movement in crude oil, manufactured and administered fuel prices.

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