India registered 6% jump in inflation within a week – the inside look to the real inflation and how Indian Government is hiding the fact
Kiran Chaube
Jun. 13, 2008

The Wholesale Price Index based inflation for the week ended May 31 rose to 8.75 per cent as compared to 8.24 per cent for the previous week. That is a jump of 6% within a week and on annualized basis it is 85% jump in inflation.

Inflation rate stood at 5.09 per cent for the corresponding week in the previous year.

During the week, in index for the primary articles group rose by 0.9 per cent while the index for manufactured products increased by 0.7 per cent.

The government has also revised inflation rate for the week ended April 5 to 7.71 per cent as compared to 7.14 per cent reported earlier. The data is manupalted and not believable given the anguish in Indian main streets.

The real inflation in India is in food and essential commodities. The crude oil price is manipulated by the Indian Government to gain votes. The ruling party can do it by bleeding the Government owned petroleum and natural gas companies.

Government manipulates the inflation data on a regular basis.

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