By Kartik Goyal
July 11 (Bloomberg) -- India's inflation accelerated to the fastest pace since 1995, raising concerns the central bank will increase borrowing costs for a third time this year.
Wholesale prices rose 11.89 percent in the week to June 28, after gaining 11.63 percent in the previous week, commerce ministry spokesman Rajeev Jain told Bloomberg News in an interview today. Economists expected an 11.75 percent increase.
To contact the reporter on this story: Kartik Goyal in New Delhi at kgoyal@bloomberg.net.
Friday, July 11, 2008
India's Inflation Accelerates to Fastest in More Than 13 Years
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