Wholesale inflation touches 4 year high.

Inflation at wholesale level has reached a 4 year high. This is according to the official data released by the government last Monday. The real upward push in the wholesale inflation has taken place in the crude petroleum and natural gas segments. It is interesting to note that, internationally, the price of crude oil fell steeply, after the present government came to power in May, 2015. However, in India, the price of petrol and diesel kept on rising due to the frequent and huge taxes imposed by the government on petrol and diesel.

[Courtesy: The Hindu dt. 17-07-2018]