livemint.com - Inflation-hit voters could pay UPA back

mar 30, 2008

i guess this means no snap polls? rahul "discovery" nehru will be put back in his bubble to be released again next time the UPA wants to lose an election.

---------- Forwarded message ----------
From: <M

Inflation-hit voters could pay UPA back New Delhi/Bangalore: Wholesale price inflation is the highest in 13 months and likely indicates a steeper increase in retail prices of most products, most importantly food—bad news for the Congress-led United Progressive Alliance (UPA) government in a year when it faces crucial electoral tests in key states before next year's elections to the Lok Sabha.  http://www.livemint.com/2008/03/31001604/Inflationhit-voters-could-pay.html The worst-hit The first of the five states going to polls this year is the most affected in terms of an increase in prices of food and other essential commodities. In Karnataka, inflation as measured by CPIAL rose at double-digit rates seven times between April 2007 and January. In the case of CPIIW, the inflation rate topped 7% in eight of the 10 months.  In Chhattisgarh, which doesn't have a CPIAL, inflation based on CPIIW crossed double digits in seven of the 10 months. Consumer price index-based inflation measures follow the same trend as wholesale price-based measures, but with a lag. That could mean that the coming months could witness significant increases in prices as the indices play catch-up.  Consumers in these states aren't happy at what they see as the local and Union governments' inaction.   

Manju saw this story and thought you might be interested to view it:

Inflation-hit voters could pay UPA back

Wholesale price-based inflation measures mask the actual increase in prices, especially of food

Click here to view full story

To receive these alerts regularly please go to livemint.com and register, its Free.

© 2007, HT Media Ltd | All rights reserved | 18-20 KG Marg, New Delhi,110001 | To view our privacy, Click here.