Inflation surges to 11.98 per cent

The inflation rose again. It touched 11.98 per cent for the week ending July 19. During the previous week, it was 11.89 per cent. The rise in inflation has been attributed to the increase in food, vegetable and manufacturing products. The RBI has recently hiked the repo rate and CRR in order to bring down the rising inflation. The impact could be seen within 2-3 weeks.