- Wholesale price inflation is at 7.61 per cent and may touch 8 in August
- Energy price hikes and rising global prices of commodities like steel have sent costs zooming
- Lack of rains and then floods have also temporarily made veggies dearer.
- The worst worry is of global oil prices going over $50 a barrel
- But the government won't raise interest rates as it'd hurt growth. So it cut duties on petrogoods instead.
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