Inflation set to rise further

The average inflation figure for the week ended April 26, 2008, is seen at 7.65 per cent, as compared to 7.57 per cent in the previous week. The figures for the same period of the last year was 6.01 per cent. Inflation has stayed above the 7 per cent mark for the fifth straight week. Among the financial services firms, BNP expects inflation to be at the upper range of the forecast, at 7.75 per cent. On the other hand, Calyon sees it at the lower end, at 7.51 per cent.