Financial Times FT.com

India inflation reaches 13-month high

By Amy Yee in New Delhi

Published: March 30 2008 13:46 | Last updated: March 30 2008 13:46

The Indian government said it would sacrifice blistering economic growth in order to tame inflation as latest figures reached a 13-month high of 6.7 per cent on the back of spiralling global fuel and commodity prices.

“We are determined to curb inflation even if we have to live with slower growth,” finance minister Palaniappan Chidambaram told reporters in Mumbai on Friday.

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