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Inflation spikes to 16-year high of 12.63%

PUBLISHED ON: August 21, 2008 | Duration: 2 min, 30 sec

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Rising prices of food items like fruits, vegetables and milk pushed up inflation to 12.63 per cent for the week ended August 9 from 12.44 per cent a week ago. Items that pushed up the wholesale prices-based inflation by 0.19 per cent include tea, pulses, cotton yarn and cement.
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