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Inflation crosses 3 p.c.

New Delhi Aug. 25. Inflation rate touched a new high of the year crossing three per cent in the week ended August 10, due to burgeoning prices of cereals, gram, vegetable oil, fodder, processed tea, cotton, textiles, minerals and metals.

Based on Wholesale Price Index, inflation surged to 3.03 per cent from 2.66 per cent in the previous week but was still lower than 5.54 per cent a year ago. — PTI

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