Inflation has taken an upward move again. The price of the commodities, food items and costlier cereals has pushed the inflation up. It was recorded 11.47% for the week that was ended on 28th of August this year. This week the food inflation data was also released.

The food inflation of the country has also been recorded in double digit for the same week that ended on August 28 for the second consecutive week. This hike in inflation rate will undoubtedly put pressure on the market as well as the Reserve Bank of India.

Now the market experts are apprehending that the Reserve Bank of India may revise its rate due to such hike in rate. RBI is going to hold a meeting on its policy review on 16th of September this year. The bank rate is expected to be going on a hike in this policy review.

The inflation of the country has gone up for the second week in a row. It was recorded 10.86 per cent in the preceding week of the week under review.