close
This ad will auto close in 10 seconds

Inflation soars to 10.16% in May

India`s wholesale inflation rate accelerated to 10.16 percent in May from 9.59 percent in April, the government said Monday.



New Delhi: India`s wholesale inflation rate accelerated to 10.16 percent in May from 9.59 percent in April, the government said Monday.

The year-on-year rise in the wholesale price index, or WPI, was above the median 9.60 percent forecast in a Dow Jones Newswires poll of 15 economists.
The government also revised the inflation rate for March to 11.04 percent on year from 9.90 percent provisional.

The WPI, used as a measure of inflation, rose 1.7 percent to 258.1 from 253.7 in April.
The central bank estimates inflation to fall to 5.5 percent by the end of March 201

Bureau Report

From Zee News

0 Comment - Join the Discussions