Inflation at 13-month high of 9.8%; big challenge for RBI 14th-Sep-2011

Driven by expensive food and manufactured items, inflation climbed to 13-month high of 9.78% in August suggesting that frequent interest hikes by Reserve Bank of India since March 2010 has proved ineffective to contain price rise.t hikes by Reserve Bank of India since March 2010 has proved ineffective to contain price rise.
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