India's December Inflation Rate Worsen Against Government's Predictions - Viral Bake
74
74 points

Indian economy experienced yet another blow on Monday as government data should that India’s consumer inflation rate has worsened to 7.35 per cent in December from 5.54 per cent in the previous month. The inflation has worsened for the third time in a row in three months and is above the Reserve Bank of India’s medium-term target of 4 per cent.

Also Read: A Sex Position For Every Place In The House Because It’s Winter

Increasing food prices and rising oil prices are one of the many reasons that have led to rising inflation. Amid Iran and the US tension, the oil barrel price touched $70 mark, surging the oil price in an economy that is currently pulling away from spending money.

The economy of India is also struggling due to the low demand in the market and investors not willing to invest under such circumstances. Major government sectors like electricity have also seen a low demand in the months that went.


Read more at The Economic Times



Like it? Share with your friends!

74
74 points

What's Your Reaction?

hate hate
0
hate
confused confused
2
confused
fail fail
0
fail
fun fun
2
fun
geeky geeky
2
geeky
love love
1
love
lol lol
0
lol
omg omg
1
omg
win win
1
win

0 Comments