Consequently, it is feared that inflation would be much higher than the latest provisional data that shows it was 7.82 per cent for the week ending May 10.
This coupled with surging global oil prices, that could prompt the government to marginally hike domestic fuel prices, could pose a serious challenge for the policy planners to rein in rising prices.
During the UPA regime, inflation had touched a high of 8.74 per cent (revised) during the week ended August 28, 2004.
The final figure could rise further as provisional prices of number of commodities were recorded lower than the global prices and due to inadequate data collection, analysts said.
It is possible that the revised data against the provisional figure could further move above 8 per cent, HDFC Bank chief economist Abheek Barua told PTI.
Explaining the rationale for the spurt in the revised figure, Crisil Principal Economist D K Joshi said prices of variety of commodities were updated leading to sharp difference between provisional and final figures.
Some of these commodities are metals, edible oil and raw cotton, Barua said, adding that there were gaps between international prices and domestic prices.
Inflation: The silent killer!
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