New Delhi - India's inflation rate rose to a new double-digit high of 12.01 per cent, the highest since 1995, on higher prices for pulses, spices and other food items, government data showed Thursday.
The annualized inflation rate, which has been linked to India's wholesale price index, moved up by 0.03 per cent from 11.98 per cent in the previous week.
Higher prices of essential food items and manufactured products over the past month have seen inflation touch a 13-year high since such figures were last recorded in May
1995.
The Indian Finance Ministry maintained that inflation had "continued to remain stable."