Inflation for the week ended June 21 is at 11.63% versus 11.42%. A CNBC-TV18 poll had seen inflation for the week ended June 21 at 11.44%.
Finance Minister P Chidambaram said the main drivers will continue to be petroleum, iron and steel products, reports CNBC-TV18. He also said that fuel and power prices have stabilised after a sharp rise.
“There is a rise in prices of manufactured products, despite a year-on-year (YoY) drop in commodities. The pace in price rise of essential commodities is slower than last week.”
