Inflation at 5.64

Inflation rate of the nation for the past week resumed from the south journey and increased to 5.64 which is marginally higher than the previous rate of 5.6 %.

Amidst the rate cut from the RBI, price cut in fuels like petrol, diesel and gas may effect the next inflation.

One can judge that since there was a trucker strike for almost double week this month, there was a demand for supply and hence the consumption. The consumption of oil also effected the economy data inflation because of the higher price of fuels. But yesterday there was price cut in major fuels which will create temptation for the consumption. Will this make the inflation to go up in coming days ?

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