The Inflation Irritator.

Inflation for the week ended August 2 has come at 12.44% versus 12.01%. Inflation is at a 16 year high.
This means that there will surely be an action taken by RBI.
This will tighten the monetary.
This will increase the fuel and food prices.
This is a matter of great concern.
Experts expect that inflation will reach 17% before coming down.
Our Finance Minister Mr. Chidambaram had said that Inflation will come down by December '08 .
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