FM blames oil for double-digit inflation
In his first comments after the inflation numbers reached a 13-year high of 11.05%, Finance Minister P Chidambaram said petro products were hugely responsible for the sharp rise in prices. He added that crude prices are up 37 per cent since the Budget was presented this year. He said that the double-digit inflation numbers were expected and he had warned the Cabinet fuel price hike would push inflation.
