Inflation rates reaches 11% in India
Here’s another update on the global inflation crisis, with the focus on India, the world’s second most populous country.
Referring to this news article, India’s inflation rate has hit a 13 year high at 11%. The previous was during the year of 1995.
It appears that the Indian monetary authority has been attempting to combat the spiraling inflation with interest-rates control.
Tags: global inflation crisis, india, interest rates, oil prices, price hike