Abheek Barua: Inflation - More shocks ahead?
Abheek Barua / New Delhi July 21, 2008, 0:50 IST Some more write-downs in US banks could push oil prices back to over $140 in no time. The headline inflation rate for the week of July 5 released last Thursday printed at 11.91 per cent, a little over the 11.89 per cent of the previous week. The median forecast from financial market economists was 12.05 per cent. This prompted the finance minister to claim that inflation is stabilising.