October inflation rate 8-month high at 7%

inflationThe inflation rate in India has risen to 7 percent in October despite RBI’s various steps. October inflation is the highest rates of inflation in last eight months. With high inflation, economic growth becomes slowest in a decade.

Government records show the economic growth of 4.4 percent in the April-June quarter, which is terribly low compare to the situation few years back, when we used to see 8 percent growth rate.

Prices for food increased 18.2 percent, with vegetables up by 78.4 percent. Fuel prices rose 10.3 percent.

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