Driven by spiralling prices of essential items, inflation surged into double digits at 10.16 per cent in May,
the highest in the last 19 months, adding to the woes of the common man.
Soaring inflation, according to analysts, may prompt the Reserve Bank to tighten liquidity at its quarterly
monetary policy review scheduled next month.
The essential items which have become expensive, directly hitting the pocket of the common man, include pulses,
vegetables and sugar. Furthermore, the prices of metal, textiles and plywood prices have also gone up,
as inflation has spread to non-food items.
It could have been worse, but now the situation is little better in terms of supply of plywood
but the prices of hardwood have not decreased.
Chennai Plywoods 